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re: OT Lawyers: Road Home Property

Posted on 5/28/14 at 3:20 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37308 posts
Posted on 5/28/14 at 3:20 pm to
I'm guessing Party A took Option One? Could they have gone back and changed to Two or Three? Of course, that would have been best done before the 2013 sale.

I'm still trying to figure out why Party B did this transaction.
Posted by Spudly
Member since Jun 2008
1073 posts
Posted on 5/28/14 at 3:21 pm to
Road Home has basically said that if Party B, C, D, etc. build a house on the lot and can show occupancy and insurance, then there are no issues and Road Home will release the covenants (regardless of Party A's previous noncompliance within the initial 3 year period).
This post was edited on 5/28/14 at 3:23 pm
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