[WSBARP] Converting from Condo to Fee Simple?

Thu May 17 15:01:05 PDT 2018

You may need their consent depending on the terms of the deed of trust.

Nestor

Nestor Gorfinkel, Attorney at Law 

Admitted to practice law in Washington & Florida 

Florida Civil-Law (International) Notary

nestor at pplsweb.com <mailto:nestor at pplsweb.com>  

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From: wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com>  <wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com> > On Behalf Of Rob Rowley
Sent: Thursday, May 17, 2018 1:26 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com <mailto:wsbarp at lists.wsbarppt.com> >
Subject: Re: [WSBARP] Converting from Condo to Fee Simple?

Yes. 

Robert R. Rowley | Attorney at Law

7 S. Howard St, Suite 218

Spokane, WA  99201

Telephone: (509) 252-5074

Mobile: (509) 994-1143

Facsimile: (509) 928-3084

Email:  <mailto:rob at rowleylegal.com> rob at rowleylegal.com

From: wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com>  [mailto:wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com> ] On Behalf Of nestor at pplsweb.com <mailto:nestor at pplsweb.com> 
Sent: Thursday, May 17, 2018 12:45 PM
To: 'WSBA Real Property Listserv' <wsbarp at lists.wsbarppt.com <mailto:wsbarp at lists.wsbarppt.com> >
Subject: Re: [WSBARP] Converting from Condo to Fee Simple?

Are there any mortgages on the property?

Nestor Gorfinkel

From: wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com>  <wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com> > On Behalf Of Rob Rowley
Sent: Thursday, May 17, 2018 12:33 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com <mailto:wsbarp at lists.wsbarppt.com> >
Subject: Re: [WSBARP] Converting from Condo to Fee Simple?

The builder will be able to control 83% of the parcels with a the statutory 80% cutoff. RCW 64.34.268.

From: wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com>  [mailto:wsbarp-bounces at lists.wsbarppt.com <mailto:wsbarp-bounces at lists.wsbarppt.com> ] On Behalf Of Craig Gourley
Sent: Thursday, May 17, 2018 12:15 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com <mailto:wsbarp at lists.wsbarppt.com> >
Subject: Re: [WSBARP] Converting from Condo to Fee Simple?

If all lots are owned by one person it is pretty simple, if not you end up in a tenancy in  common situation. We "uncondoed" several apartment buildings during the crash when the conversions did not sell. 

The property taxes were less on the multifamily designation than indivdual condos. Simple one page declaration of termination of condominium. 

Sent from my Verizon, Samsung Galaxy smartphone

-------- Original message --------

From: Rob Rowley <rob at rowleylegal.com <mailto:rob at rowleylegal.com> > 

Date: 5/17/18 1:38 PM (GMT-05:00) 

To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com <mailto:wsbarp at lists.wsbarppt.com> > 

Subject: [WSBARP] Converting from Condo to Fee Simple? 

How exactly does one go about converting a condominium (from 20+ years ago) into fee simple lots?  

A developer client has the opportunity to convert a largely failed rural recreational condominiums into fee simple title lots which he can build with single-family residences.

Statute you can point me to do?

Who has experience in this area for a referral?

Thank you.

Robert R. Rowley | Attorney at Law

7 S. Howard St, Suite 218

Spokane, WA  99201

Telephone: (509) 252-5074

Mobile: (509) 994-1143

Facsimile: (509) 928-3084

Email:  <mailto:rob at rowleylegal.com> rob at rowleylegal.com

Web Site:  <http://www.rowleylegal.com/> www.rowleylegal.com

Practice concentrated on business, real estate and general legal matters in Washington and Idaho.

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