|RE: Another damned reporter...||<– Date –> <– Thread –>|
|From: Rob Sandelin (robsanmicrosoft.com)|
|Date: Wed, 22 Jun 94 11:29 CDT|
Dan Pacheco asked: I was wondering if anyone could fill me in on how your community was financed. Did everyone pool their money together and pay for the complex in a lump sum, do individuals own the land immediately around their homes,etc.? At Sharingwood our land purchase history is a bit complex. A single individual bought half interest in the property, intending to form the community. Then later a partnership, which included the individual bought the second half interest in the property. So in our case the land was bought by a small group of people who pooled their funds to make a downpayment, then shared the monthly land payments for four years until the property was paid off. Sharingwood is a air space condominium, which means that the building lot (1/3 acre) are owned by the individual so the individuals own the land immediately around their homes.
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