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Recent Common Ownership questions

Have a residential property that was partitioned in to 3

Have a residential property that was partitioned in to 3 lots. Main residence is on lot one and studio/office on second and bare on third. Cities stipulation at partition was that all three were to remain in "common ownership" until at such time building permits were issued for any development on lots 2 and 3. If common ownership were to stay in affect by a new owner, why do lending institutions reject financing because the two structures are on different lots?

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In March, I moved to a new addition, in rural Canadian Co.

In March, I moved to a new addition, in rural Canadian Co. Okla. We have an HOA. It states that before any construction of shop bldgs, etc, that plans must be submitted and approved by the current, self-appointed, acting president/developer. I had a shop built and did not submit any plans. The president came to me and said that I was in violation of the HOA regulations. His personal preference is that the bldg panels be vertical. I put on horizontal panels. The panel orientation is not discussed in the HOA. He wants the panels changed, and has threatened legal action if this is not done.The majority of the current residents do not have a problem with the bldg, as is.My question is, do I have the right to call a meeting of the HOA members, and let them vote as to whether or not to change the panels and if the vote was in my favor, would this be binding?

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

15,038 satisfied customers
I recently purchased a house with a friend of mine. The

Hi -- I recently purchased a house with a friend of mine. The house was large and nice enough for the two of us, but neither of us could afford it on our own. We are currently co-inhabiting as housemates. it is working out well.We are looking to refinance. My credit is much better than my business partner's. our Mortgage broker suggested we transfer the mortgage to my name so that we get the best possible interest rate.If the mortgage is under my name, but the title is under both of our names, does that create any legal issues that would put our co-ownership out of balance? Would I have a stronger legal claim to the house since the mortgage was under my name?thanks for your time

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Ray

Lawyer

Doctoral Degree

35,822 satisfied customers
In a tenants in common ownership of a commercial property

In a tenants in common ownership of a commercial property with four equal share owners i.e. 1/4 share for each of 4 tenants in common; can one of the property owners/Tenants in Common have a business that is the lessee of the property and have any say in the Lease rate that they will pay for the property. Is this not a conflict of interest? Do they not have a fiduciary responsiblity to remove themselves from discussions of the lease rate?

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Barrister

Attorney/Landlord/Realtor

Doctoral Degree

47,122 satisfied customers
How to get my ownership of neighborhood common area? Back 3

How to get my ownership of neighborhood common area?Back 3 years ago, I purchased my house through bank foreclosure. In my neighborhood, there are 10 families (means 10 lots) plus one common lot. All houses were built around this common lot. The common lot number is ***** All 10 families response for paying tax and maintenance this common lot. Our neighborhood does not have formal home association, but we do have agreement for all 10 families to pay the fees for all expenses (tax, cut grass, etc.). This agreement was recorded back many years ago.All 10 families owned 1/10th of this common lot (lot-11). From county tax record, 10 families are the owners for this common lot.When I purchased my house (lot 3), title of this 1/10th common lot did not come with my house (lot 3). I was told that the deed of trust previous owner had does not include this 1/10th of common lot. I paid all fees and performed my duty to be of home owner in my neighborhood in past 3 years.Now I am selling my house, the next buyer wants 1/10th common lot title. I have tried to get previous owner help to write Quitclaim deed for the 1/10th common lot, but they refused to do so.Is there another way I can get this 1/10th common lot title?

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Legalease

Attorney At Law

Doctor of Law w/ highest honors

15,038 satisfied customers
Can real estate (a house being purchased without a mortgage,

Can real estate (a house being purchased without a mortgage, a cash sale) be titled to 3 different owners such that one owner owns a 50% share of the property and the other owners (a married couple) each own a 25% share of the property, or must the property be titled such that each owner owns a 1/3 share of the property? Thanks!

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Ray

Lawyer

Doctoral Degree

35,822 satisfied customers
I own a 23 acre parcel of property in WI. the property is

I own a 23 acre parcel of property in WI. the property is bordered by railroad on the west and state park on the north, south and east.The state park will only allow me to "walk in" to my property even though it is a very short distance to cross park property from the highway that borders their east boundary. is there a method to petition for access in order to place a seasonal camper on the property, or am I simply out of luck?

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Ely

Counselor at Law

Juris Doctor

64,422 satisfied customers
I am a home owner in an older development that has 9

I am a home owner in an older development that has 9 sections. My home is in Section 5. Section 5 and 6 home owners restrictions expired a few years back. For some reason only section 5 and 6 had expiration dates. According to the original HOA guidelines 100 percent of sections 5 and 6 have to sign an agreement for 5 and 6 to be considered back in the HOA. But the deal is we still have to pay assessment fees annually. We are not considered part of the HOA and therefore can not vote or attend any function such as meeting for HOA or use the facilities with out an additional surcharge. For instance HOA members pay $25.00 lifetime fee for the trash dump but we pay $120 yearly same for pool members pay $30 we pay $120. Is this legal?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

108,056 satisfied customers
I live in Montgomery county in the state of Maryland. I

I live in Montgomery county in the state of Maryland. I am a new board of director at a HOA. HOA does not inform the Regular HOA meeting to the homeowners and a new committee (parking) does not inform the committee meeting to the homeowners either. Isn't this violations of law? Do HOA and the committee(parking) must notify the meeting notice to the homeowners? what happens if they do not?Thanks in advance

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

108,056 satisfied customers
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