Legal Question in Real Estate Law in Indiana
I live in indiana, is their any laws to protect condo owners, from investers coming in and buying up our properties and renting them out. we have a problem of these investeror buying 4 or more borrowing money on them for more than they are worth,then not paying their association fees. how can we stop this. 2 investers has cost us approx. $20,000 in the past yr.
Asked on 8/05/10, 5:11 am
2 Answers from Attorneys
Jay Rigdon
Rockhill Pinnick LLP
You have ways you can protect yourselves as a group. Get together and go see an attorney in your community to protect your investments.
Answered on 8/10/10, 6:38 am
Sounds to me like the association needs to amend its bylaws and rules. Contact a local attorney.
Answered on 8/11/10, 6:47 am
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