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Subject: Tax Deed Buying and limited ownership
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Author Messages
SubeehR
(Florida)

Posts:1


10/03/2019 7:56 PM  
If HOA has 2 units limit of ownership and that person buys the 3rd unit in tax deed foreclosure. How that is going to work out.
SheliaH
(Indiana)

Posts:2701


10/04/2019 4:47 AM  
You haven't provided any real details that can lead to a decent answer - what is "limit of ownership?" Who is "that person" - you?

Come up with some details and try again.
MelissaP1
(Alabama)

Posts:8601


10/04/2019 4:58 AM  
What is the punishment for owning more than 2? Is there something that has any teeth that prevents someone from owning more than 2 other than it being written in the documents? How it is purchased is irrelevant. Just the number of units they own as it increases their vote #'s.

Former HOA President
SteveM9
(Massachusetts)

Posts:3362


10/04/2019 6:15 AM  
im guessing it would limit the number of votes to two. but its easy to get around, just sell the third unit to a company you made up that only owns that one unit and now you only own two units again.
JohnC46
(South Carolina)

Posts:8730


10/04/2019 10:24 AM  
Posted By SteveM9 on 10/04/2019 6:15 AM
im guessing it would limit the number of votes to two. but its easy to get around, just sell the third unit to a company you made up that only owns that one unit and now you only own two units again.




That is how I would do it so I would then control 3 votes.
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Forums > Homeowner Association > HOA Discussions > Tax Deed Buying and limited ownership



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