dues: Barney Frank and the Feds are at it again - this time about Condos
- 06/25/09 01:00 PM
If you have read my blog before, you know that most of my posts are about the legal side of our business and my work as an expert witness in real estate litigation. This one is not. You would think that the music would be loud enough for congress to hear now that billions have been lost by hard working folks when the banks crashed and burned over the mortgage scandals. You remember - making loans to be people who couldn't qualify. And, accepting "no doc" loans with little or no downpayment. And, the banks flinched under congressional pressure and agreed … (1 comments)
dues: What you don't know you don't know about Condo sales
- 01/17/09 09:07 AM
I used to give a class called, "Condos, Clients and Catastrophes." I haven't given it in a while but the issues are still valuable. Many of my comments will be California specific but the issues pretty much exist anywhere in the United States. First, these laws apply to any planned unit development. The public and media call them condos but a true condo is usually a high rise unit, where you own only the airspace. Townhomes, connected properties and single family homes with a common area (pool, clubhouse, park, etc) also fall under these laws. There are several issues that … (4 comments)
dues: Condos in California are about to explode - the sad truth
- 05/12/08 09:51 AM
I have been in this industry a long time. I wondered how long the No Doc loan scam was going to take before it exploded. And, when it did, wow! Condo/PUDs are next in my opinion. Forever, the law requires the seller to provide all the disclosure documents as required by California Civil Code 1368. One of those requirmenet is a resonably competent analysis of what items in teh common area are going to require repair and replacement in the future. Obviously, all of them. And, it is suppoed to be based on an analysis of WHEN it has to be … (1 comments)
Guy Berry is a frequent expert witness in real estate litigation and an accomplished trainer in real estate law and contracts. In addition he has been licensed for 30 years as an agent and managed large offices, including Coldwell Banker and Century 21.
If you have read my blog before, you know that most of my posts are about the legal side of our business and my work as an expert witness in real estate litigation. This one is not.
;)
;)
