Property Value
The following is an experience one of our unit owners had – “I recently put a small mortgage on my property to utilize some of the equity. I was questioned twice about the lawsuit by the banks attorney and the title company. They said they approved it because my mortgage was so small compared to the appraised value. Think what might happen if one of us had sold our unit to a buyer needing a sizeable mortgage - the lawsuit undoubtedly would have prevented the buyer from obtaining financing.