Cohousing-L Mailing List: Re: Agreements to reshare financial burden (was: Per Household or per person?)

[Sharon Villines (sharon]

On Mar 20, 2013, at 5:52 AM, Diana Carroll <dianaecarroll [at] gmail.com> wrote:

> In our case, our project "succeeded" in the sense that our homes were built 
> and we live here. But the homes weren't sold for enough to pay what we owed, 
> so there was still a loss. And there was no agreement up front about how to 
> handle that possibility.

What is the standard practice in condominium financing?

Sharon
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Sharon Villines, Washington DC 
Where all roads lead to Casablanca