I am the owner of the propertly now, can the assocation keep me from living in my own home, Orange county california ?
2006-10-29 01:36:29 · 8 answers · asked by B B 1 in Business & Finance ➔ Renting & Real Estate
i just want to know wtf your pic is :)~
2006-10-29 01:38:32 · answer #1 · answered by erotikos_stratiotis 4 · 0⤊ 0⤋
It sounds like you want to keep the property. While it might be a good investment to rent it, it would also be a hassle and a continual debt for you. The issue of you living in it has probably come up with the homeowners association already. Speak with them to see if you can arrange something so the house doesnt' sit empty.
Talk with a realtor for that community and consider selling the home. Also a probate lawyer to help you understand the tax issues.
If you sold it now, before home values drop much more, you could invest that money and do well for your own later years.
Good luck
2006-10-29 02:48:17 · answer #2 · answered by Anonymous · 1⤊ 0⤋
If there are covenants that governs age, yes they can prevent you from residing in your inherited property. If that age is 55 and you are not that age or older you will not be able to reside there.
Take a few of the suggestions and either rent the place to someone that meet the criteria or sell it to someone that meet the criteria.
If there is a covenant that gives inheriters a different set of rules, they might allow you to move in. You have to check with the CC&R, By-laws as well as all the covenants.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2006-11-01 21:37:39 · answer #3 · answered by Skip 6 · 0⤊ 0⤋
Can they prevent you from living there? No. But if it is a retirement community, they can make life very unpleasant and difficult for you to stay there under the age set by their guidelines. You inherited it; it is yours. If you are nice to them, or do not represent other things they consider threats to their peaceful community (i.e. parent of multiple children), perhaps they will not even fight you.
You probably don't want to be in a situation of paying anything for her house that you cannot live in, if they do fight you. It is wise to consider all the options.
2006-10-29 01:41:52 · answer #4 · answered by *babydoll* 6 · 0⤊ 1⤋
If by some quirk the association can keep you from living there, consider renting it out. Good investment opportunity!
2006-10-29 01:40:15 · answer #5 · answered by the_pharaoh109 4 · 2⤊ 0⤋
Yes, they will be able to. YOu can rent the property to others in the meantime. Check the home owner's association documents.
2006-10-29 01:40:07 · answer #6 · answered by cassandra 6 · 2⤊ 0⤋
Wear a disguise to appear older.
2006-10-29 01:39:16 · answer #7 · answered by Anonymous · 0⤊ 0⤋
they can not stop you from RENTING it
2006-10-29 01:50:39 · answer #8 · answered by Joe 5 · 0⤊ 0⤋