Legal Question in Real Estate Law in California
homeowners association
what is the actual definition of eligilble mortgagee in california for purposes of ccr changes in homeowners association
Asked on 6/18/07, 4:53 pm
1 Answer from Attorneys
Carl Starrett
Law Offices of Carl H. Starrett II
Re: homeowners association
A morgagee is a lender. An "eligible mortgagee" will be defined in the CC&RS, not California law. You should have a local real estate attorney review the CC&Rs in question to get your definition.
Answered on 6/18/07, 5:02 pm