Cohousing-L Mailing List: Re: conforming mortgage question

[Richard L. Kohlhaas (rlkohl]

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] gmail.com>
> 
> 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] earthlink.net>
(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 http://www.casaverde.us)