JoeS1 (<Click to Select State>)
Posts: 1
Posts: 1
Posted:
Our Bylaws and our Deed of Dedication state the following:
Proxies At all meeting of members each member may vote in person or by proxy. All proxies shall be in writing signed by all the owners of the lot, and filed with the Secretary. Every proxy shall be revocable and shall automatically cease upon the conveyance by the member of the lot.
My question: If a home is financed with a 15 year loan and has not been paid off is the bank a lot owner as well?
Proxies At all meeting of members each member may vote in person or by proxy. All proxies shall be in writing signed by all the owners of the lot, and filed with the Secretary. Every proxy shall be revocable and shall automatically cease upon the conveyance by the member of the lot.
My question: If a home is financed with a 15 year loan and has not been paid off is the bank a lot owner as well?