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private restriction 问题

帖子发表于 : 2014-10-03 22:41
mog370
有一投资房,过户时发生了问题:该房所在的lot 在1939年造了二栋房,小区或二户主间有协议:这个lot只能造二栋面朝西的房子,不能住白人(这个很奇怪,因这是大部分白人的东部很好的小城市)。协议在city court house 备案了。很多年以后房主坼了那二栋旧房,在这 lot上造了三栋房,我们要买是2007年造的朝东。builder有city的permit和 certificate of occupancy。Seller 在2007 年过户时Chicago title 给做了title insurance。另二家owner和seller都不知道有这private restriction。所以seller选了republican title过户, 结果republican title不让我们买title insurance因为这二条violation. 现在chicago title 还是愿意给我们保险. 因为是好 deal 请问大侠们如果买了有何大的risk? 谢谢先了

Re: private restriction 问题

帖子发表于 : 2014-10-04 2:15
jy101
should be able to remove the restriction, if you can get the other 2 owners agree to, you may want an real estate attorney representing you so may cost you few bucks.

in the past, I had success converting community outlots to divided build-able lots.

Re: private restriction 问题

帖子发表于 : 2014-10-04 9:12
mog370
谢谢头。remove restriction是不是很花时间? seller希望我们很快过户.

Re: private restriction 问题

帖子发表于 : 2014-10-04 16:09
jy101
it need go in front of zoning board so it will take some time, might as well go ahead close the deal first if its good deal..

Re: private restriction 问题

帖子发表于 : 2014-10-05 10:18
mog370
Got it. Thanks.