How can one tell if the project one is considering buying in is solvent?
Is it possible to learn if all units were successfully sold to individual owners?
Or the % still owned by the original builder?
To learn what % of units are rented and the occupancy rates?
To learn how many owners are in some level of default or legal action?
Is it possible to learn which owners are behind in fees?
To learn of the turnover on the management committee?
To learn if the association owes back taxes? mortgage payments? is behind on payments? Has valid insurance protection?
To learn what the sales price was of recently sold units?
How do I protect myself against getting into a bad situation?
What else should I investigate and how is it done in the DR?
Thank you.
Is it possible to learn if all units were successfully sold to individual owners?
Or the % still owned by the original builder?
To learn what % of units are rented and the occupancy rates?
To learn how many owners are in some level of default or legal action?
Is it possible to learn which owners are behind in fees?
To learn of the turnover on the management committee?
To learn if the association owes back taxes? mortgage payments? is behind on payments? Has valid insurance protection?
To learn what the sales price was of recently sold units?
How do I protect myself against getting into a bad situation?
What else should I investigate and how is it done in the DR?
Thank you.