co-ownership
376) Co-Ownership Form
08/06/08
Dear H2,
I have been asked to appraise a co-ownership property (5 weeks each owner). There are plenty of sales in this well established project. What is the proper form? Condo?? Is this something I should pass on? Guidance please. And thank you for always being there.
Mary Ann McGoye obaxobs@embarqmail.com
Dear Mary,
What type of form you use depends upon the client's needs. There is no Fannie Mae or Freddie Mac timeshare or co-ownership form. The one that would be the easiest to alter to fit this situation is the condominium form. Have you considered doing a short form narrative? That would be my first choice.
H2
I have been asked to appraise a co-ownership property (5 weeks each owner). There are plenty of sales in this well established project. What is the proper form? Condo?? Is this something I should pass on? Guidance please. And thank you for always being there.
Mary Ann McGoye obaxobs@embarqmail.com
Dear Mary,
What type of form you use depends upon the client's needs. There is no Fannie Mae or Freddie Mac timeshare or co-ownership form. The one that would be the easiest to alter to fit this situation is the condominium form. Have you considered doing a short form narrative? That would be my first choice.
H2