November 2011

Avoiding Land Mines on Busted Residential Developments

Attorney: 

Avoiding Land Mines on Busted Residential Developments

This is directed to a lender or holder of a mortgage loan (“Lender”) on the unsold and/or unbuilt portions of a failed condominium or planned unit development.

The market for busted developments is thin. It's limited primarily to national homebuilders looking to build up an inexpensive...

Developer Rights: How To Get Them If You Need Them

Attorney: 

Developer Rights: How to get them if you need them

In a “for sale” residential development the developer rights may include some or all of the following: control of the homeowners association until turnover (i.e. the right to appoint the members of the board of directors, set budgets and control costs); the right to add property to the declaration; the right to enforce...

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