|Re: Right of First Refusal||<– Date –> <– Thread –>|
|From: Sharon Villines (sharonsharonvillines.com)|
|Date: Sat, 6 May 2006 06:25:11 -0700 (PDT)|
On May 6, 2006, at 8:19 AM, Kelly Devine wrote:
I understand this is a common way in cohousingto ensure some control over the membership in the community. We recentlylearned that Fannie Mae and Freddie Mac prohibit right of first refusal clauses.
How did you learn this and what is the exact wording of the rumored prohibition?
We have it in our condo docs and I would recommend that every community have it. It isn't something you can always exercise (available funds, etc.) but it is the only way to protect yourself from a relationship gone bad (always have a prenup if property is involved!).
Sharon ----- Sharon Villines Takoma Village Cohousing, Washington DC http://www.takomavillage.org
Re: Right of first refusal Nancy Wight, April 26 1994
Right of First Refusal Kelly Devine, May 6 2006
- Re: Right of First Refusal Sharon Villines, May 6 2006
- Right of First Refusal Kelly Devine, May 6 2006
- Re: Right of First Refusal Mac Thomson, May 8 2006
- Right of first refusal Susan L. Hedgpeth, October 9 2006
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