Real Estate Law
Have Real Estate Law Questions? Ask a Real Estate Lawyer.
I can tell you are a lawyer because I can hardly understand your answer. Can you rephrase your answer in layman's language.
Are you saying I have to follow any HOA rules (including any assessments) if there are covenants on the bank owned lots? How do I find out if there are covenants on the bank owned lots? Do I have any legal options to remove my lot from the covenants prior to purchase?
Can you tell me whether forming an LLC to be used to purchase the building lots would be recommended to limit my exposure raised by my concerns above?