Re: conforming mortgage question
From: Kristen Simmons (
Date: Mon, 8 Mar 2010 05:24:03 -0800 (PST)
For those groups that stopped adding members to the LLC, how did that work?
What sort of agreement did new equity members sign when joining the group?

Thanks to everyone for your feedback to date. The spirit of generosity is
much appreciated, and one of the things that continues to attract me to


On Tue, Mar 2, 2010 at 7:14 PM, Richard L. Kohlhaas <rlkohl [at]>wrote:

> When we were building, at the very beginning we selected only 4 of our
> members to be
> the "members" of the LLC.  That saved a lot of paperwork and confusion.
> From:                   Diana Carroll <dianaecarroll [at]>
> >
> > Oh another point.  We also at some point close to move in stopped
> > having new members join the llc.  Once there were no big development
> > decisions to make nor mezzanine financing needed there was no benefit
> > to it.  So recent buyers have not had as much trouble with mortgages
> > at least as far as arm's length goes
> >
> ------------------------------------
> Dick Kohlhaas <rlkohl [at]>
> (719)633-8170
> Colorado Springs (Colorado) Cohousing Community (Casa Verde Commons)
> Completed March 2003. 34 units on 4 acres 1.5 mi from downtown. We have a
> few resales available.   Visit us at
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