How can I find out if I need to pay for refinance costs for forcing a refinance of a second loan on a TIC unit that I'm selling?

Asked by Mike, San Francisco, CA Thu Jul 18, 2013

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Lance King, Agent, San Francisco, CA
Fri Jul 19, 2013
As mentioned below, your TIC Agreement should cover what happens in that case. That said, these agreements can sometimes be somewhat vague depending on who wrote them, and enforcing an agreement can be time-consuming and expensive if the other co-tenant(s) don't want to play ball.

If it isn't clearly spelled out in your TICA talk with an attorney who specializes in this area of law. We use Lyssa Paul -

She seems to be the best of the ones we have dealt with.

Best Regards,

Lance R. King - Founder/Managing Broker
King Realty Group

DRE # 01384425
415.722.5549 - Cell
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Oggi Kashi, Agent, San Francisco, CA
Fri Jul 19, 2013
Sounds like you have a group loan. If you have a TIC agreement in place, it should provide your answer.
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Eric Castong…, Agent, San Francisco, CA
Thu Jul 18, 2013
Check your TiC agreement. They usually spell out such issues.

Best of luck.

Eric Castongia
BRE No. 01188380
Zephyr Real Estate
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