Cohousing-L Mailing List: Re: Wells-Fargo as mortgage lender

[Juniperjojo (Juniperjojo]

Clifford,

A significant number of our members used Wells-Fargo as their mortgage 
lender, although I did not, so I am not sure of the location of the branch 
other 
than that it is in southeastern Michigan. The units have all appraised at or 
above market value and there are no issues of which I am aware.

We have a total of three separate cohousing communities here, side-by-side, 
the oldest of which (Sunward) is five years old. There are a total of 121 units 
between the three communities if I recall correctly, ranging in size from 
one-bedroom flats to four- and five-bedroom townhomes. There have been no 
issues 
with property values at Sunward depreciating over time due to lack of 
maintenance of which I am aware. If anything, Sunward looks and functions 
better today 
than it did when it was brand-new. I think the same is true of our 
two-year-old community, as well.

Check out our websites for more information:

Great Oak: http://www.gocoho.org
Sunward: http://www.sunward.org
Touchstone: http://www2.ic.org/touchstone/index.html

Units for sale: http://www.gocoho.org/prospective/forsale/

Hope that helps.

Jenny Cook
Great Oak Cohousing
Ann Arbor, Michigan