QUESTION
What if I suspect I paid market value for a low income covenant unit?
Asked on Sep 19th, 2015 on Residential Real Estate - California
More details to this question:
I purchase that unit that has a low income restriction covenant.
However, I believe I never got the financial subsidy or assistance.
Is there a way to find out more about this? Do I have a case
Against the city or developers even though it's over ten years?
Problem is I cannot sell it due to these income restrictions
But I believe I paid market price at the time of purchase.
From my understanding, I should have received a substantial discount
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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Price Law Firm, APC
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You're probably past any statute of limitations against the seller, city or developers regarding the purchase of the property.
Answered on Sep 20th, 2015 at 1:57 PM