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Updated over 2 years ago on . Most recent reply

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Jeremiah Helg
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Recorded condo question.

Jeremiah Helg
Posted

Hey, Bigger Pockets community. I'm looking at a multi-family deal in Baton Rouge. It's a triplex that has been recorded as a condo and can't go conventional unless that's changed. My questions as a prospective buyer is: What's the process for changing such a recording? Is there someone to reach out and talk to that about that specifically? And finally is it all on the seller to have the recording changed? 

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Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
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Sergey A. Petrov
  • Real Estate Consultant
  • Seattle, WA
Replied

You can do three separate conventional since these are three separate tax parcels or commercial/portfolio. Rewriting and re-recording will be cost prohibitive for all involved since you’ll need to go through the legal process of dissolving the condominium 

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