Asked by Finecut82, Los Angeles, CA • Mon Feb 17, 2014
I just opened an escrow for a Non-owner occupied condo located in Encino, CA. and I need advise on what things I need to review/inspect before the close of escrow. The building was built in 1984 and it has 32 units. The building is owned by one person who recently start selling the units ( 3 or 4 units sold already ) and couple others are in escrow.. most units sold were financed by a lender who doesn't care if one owner owns more than 50% of the building. Please let me know what I should be aware of in such situation while escrow is still open.
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