Contract Chronicles...

In section 8.2., of the Colorado Contract to Buy Sell, there is outlined a contingency for Matters Not Shown by the Public Records, or Off-Record Matters Deadline
The Contract Reads:
Seller shall deliver to Buyer, on or before Off-Record Matters Deadline true copies of all leases and surveys in Seller’s possession pertaining to the Property and shall disclose to Buyer all easements, liens (including, without limitation, governmental improvements approved, but not yet installed) or other title matters (including, without limitation, rights of first refusal and options) not shown by the public records of which Seller has actual knowledge. Buyer shall have the right to inspect the Property to investigate if any third party has any right in the Property not investigate if any third party has any right in the Property not shown by the public records (such as an unrecorded easement, unrecorded lease, boundary line discrepancy or water rights).  Written notice to terminate based on any unsatisfactory condition (whether disclosed by Seller or revealed by such inspection, notwithstanding § 13), in Buyer’s sole subjective discretion, by or on behalf of Buyer shall be delivered to Seller on or before Off- Record Matters Objection Deadline (§ 3). If Seller does not receive Buyer’s written notice to terminate on or before Off-Record Matters Objection Deadline (§ 3), Buyer accepts title subject to such rights, if any, of third parties of which Buyer has actual knowledge.

So...long story short, any agreements you have with neighbor or leases you have established and not recorded, ANYTHING, that may affect the marketability or enjoyment of the new owner, you should surrender by the dates specified for Off-Record Matters Deadline.

FHA Raising Monthly Mortgage Insurance Premium

FHA Raising Monthly Mortgage Insurance Premium and what that means to you...

FHA will be raising their monthly mortgage insurance premium on April 18, 2011 by 0.25%. What this means to you is that with a $200,000 FHA loan your monthly payment will increase by approximately $40. You will also need approximately $1,200 in additional income per year to qualify for this increased monthly payment. In order to avoid this increased mortgage insurance payment be sure that you have a property under contract and have your lender register an FHA 12964z case number prior to April 18, 2011. It is not necessary to close your loan before April 18, 2011. For additional information call Glen Holguin of Guild Mortgage at 303-253-4369 or email GlenH@GuildMortgage.net.

Around the Home: Get Rid of Electronic Waste the Right Way

RISMEDIA, February 5, 2011—(MCT)—Electronic waste is on the rise in the United States at a startling rate. In fact, it is growing at nearly three times the rate of any other kind of trash. It is estimated that 85% of electronics that can be recycled or donated aren’t. Think about it. What really happens to all the cell phones, computer equipment, televisions, and other electronic devices we get rid of when they break or we upgrade? Many times, we just throw them out where they are sent to a landfill. Electronics contain toxic heavy metal components like lead, cadmium, beryllium, and mercury that can pollute the environment, but they also contain valuable metals like gold, silver and copper. Instead of leaving old or broken electronics in our landfills, get those metals disposed of safely or recycled back into the next generation of electronics. It’s cost-effective for the manufacturer and the customer. And, it’s easy.

Who doesn’t have a used computer, hard drive, printer or video game players stuck in a closet around the house? Consider donating them to a local non-profit, like Goodwill. They have a partnership with Dell called “Reconnect,” where nearly 2,000 participating Goodwill locations across the U.S. will accept any brand of computer equipment and certain Microsoft products such as Xbox and Zune.

Goodwill either sells or responsibly recycles the products and all the money made is used to create job training and employment opportunities for people in your community. Goodwill will wipe all of the personal information off of working hard drives. Non-working units will have a spike drilled through the hard drive to make sure your information stays safe.

If you have computer parts hanging around, you probably also have an old cell phone or two. Eighty percent of Americans own cell phones and upgrade, on average, every year to a year and a half. There are many ways you can give one of these millions of cell phones new life. Many cell phone providers will take back your old models and recycle them for you. And, AT&T, Verizon, Motorola and Sprint are some of the companies involved in the wireless recycling network of ReCellular, one of the world’s leading recyclers and resellers of cell phones. Cell Phones for Soldiers is another organization you can donate your old cell phone to. They provide prepaid calling cards for U.S. troops stationed overseas with every donated cell phone they receive. March of Dimes, Keep America Beautiful and Call To Protect are other non-profits that collect cell phones for their missions.

So go ahead, scour your closets, garage, kitchen drawers, and anywhere else that you stash old electronics that you and your family are no longer using. Then, do your part and make sure they do some good instead of being trashed.

(c) 2011 Terri Bennett Enterprises, LLC. ALL RIGHTS RESERVED.

Distributed by McClatchy-Tribune Information Services.

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