Legal Question in Real Estate Law in California

Cooperative FHA 213 Apartments

When the blanket mortgage carried by the Cooperative is paid off what is the financial effect on each individual apartment and what is anything changes re: CC&R's and the Board of the Cooperatives requirements? i.e. Interviewing and approving buyers of apartments, restrictions on subletting and the like?


Asked on 6/27/05, 9:36 am

1 Answer from Attorneys
Anthony Roach Law Office of Anthony A. Roach

Re: Cooperative FHA 213 Apartments

It depends on the CC&R's. When I draft them, they usually provide the answer to what happens when the blanket mortgage is paid.

Very truly yours,

Anthony Roach, Esq.

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Answered on 6/27/05, 3:45 pm


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