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Jada Dunomes, Servicing all your real estate needs. (All Saints Realty)

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Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Deed restrictions aren't a bad thing...usually. Have you used the AR data base of agents to find an agent that can help you? I might recomment, Jeff Dowler CRS , Endre Barath, Jr. and Ryan Huggins - Thousand Oaks, CA . Those are some great CA agents that are members of AR that might be able to help you out. 

Jan 07, 2016 12:55 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jon Kolsky is a great agent to work with if you'd like to refer out....(I know you are in the same county).

Jan 07, 2016 07:23 AM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I own a deed restricted property and have sold them.  Disclosure of the deed restrictions is all my attorney has ever told me to do. Never has affected a loan.

Jan 07, 2016 01:21 PM
Rainmaker
2,362,948
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

good luck! 

Jan 07, 2016 12:33 PM
Rainmaker
4,572,173
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Contact  Jon Kolsky 562.225.2296.

Jan 07, 2016 08:28 AM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Search ActiveRain roster for Long Beach, CA for Activerain members.  If you need help email me askmary.yonkers@gmail.com

Jan 07, 2016 06:21 AM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Hope this all worked out well.

Mar 24, 2019 08:51 PM
Rainmaker
1,308,838
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Jada Dunomes ~ it was nice speaking with you yesterday, I really appreciate the call. After speaking with my RE lawyer and title rep, it seems there are two issues. As Lyn mentions the deed restriction can not discriminate. You'll need to pull a prelim and see what it actually says. Once you find out more about the deed restriction, then it is probably off to the city to find out more about what constitutes low-income. 

Anyway, you got some amazing responses from the AR community, and I want to personally thank Praful, Roger, and Michael for thinking about me 

Jan 08, 2016 02:06 AM
Rainmaker
519,568
Harrison K. Long
HomeSmart, Evergreen Realty - Irvine, CA
REALTOR , GRI, Broker associate, Attorney

Jada ... This proposed listing at Long Beach might be like many others in Orange County and/or Southern California.

Be sure to work with an experienced title officer who will provide you with best information.  Such deed restrictions come in all shapes and sizes, such as covenents running with the land and income limit qualifications for buyers.

Thanks to Endre Barath, Jr., for the mention at his comment.

Jan 08, 2016 01:04 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

I don't know CA real estate; however I don't think it would be a problem.  

Jan 07, 2016 09:45 PM
Rainmaker
2,759,812
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Jada. As usual, Ken some very good answers to questions like this.

Jan 07, 2016 05:38 PM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Should not be a big deal. Find out what are those restrictions and disclosure. 

Jan 07, 2016 05:09 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

No.

Jan 07, 2016 04:05 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

This is the kind of thing I'd run by my favorite title attorneys before starting to market the listing.

Jan 07, 2016 02:32 PM
Rainmaker
4,456,506
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Any good Title Officer worth his money can identify if the Restriction is legitimate or not. I would suggest a Preliminary Title Report first from a Reputable Title Co. Realtors are secondary in a situation like this... and a local agent can do the job if he or she is seasoned.... Harrison K. Long  might be a good choice too if your clients want to choose from more than one agent..    

 

Debbie Laity  thank you for the mention... unfortunatly it is not my area ...hope my comment might help, Endre

 

 

 

Jan 07, 2016 01:21 PM
Rainmaker
400,356
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

I don't, but consider contacting the city for the guidelines.  What I usually see in listings are the income limits that apply to the number of people in the family and a link to the page on the city website for additional details. 

Jan 07, 2016 08:25 AM
Rainmaker
1,844,291
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

So the deed restrictions are what they are. Can't discrimiate in any form I believe. I'm not sure your 2nd sentence about moderate income folks can be enforced any longer. Call HUD or someone you trust in Fair Housing.

See but then if the condo is over 700K it's not likely to happen is it?

Jan 07, 2016 07:48 AM