CindyR
Senior Member
- Joined
- Oct 26, 2003
- Professional Status
- Certified Residential Appraiser
- State
- Arizona
any one have any experience with deed restrictions?
a friend is interested in buying an acre lot up here in new river. the owner from 2005 bought 2 acres and sold off one acre during the boom. the owner of the 2 acres supposedly added a deed restriction before they sold the one acre to limit future development to site built homes only. the buyer of the one acre has defaulted on the loan and it is now for sale as a short sale. the MLS listing does not report any land use restrictions. the recorded deed for the prior sale does not include any restrictions. the original 2 acre seller probably still does not want to live next to a manufactured home (if they ever get around to building on their vacant lot) but unless these restrictions are recorded somewhere there does not seem to be any way to enforce them, right? And, since there is no hoa, it would only be the original seller who would be interested in trying to enforce them.
Can the buyer be forced to adhere to these restrictions if they do not know of their existence? Can their be such restrictions if they are not written and recorded anywhere?
Any one know a local real estate attorney who might be familiar with such matters?
a friend is interested in buying an acre lot up here in new river. the owner from 2005 bought 2 acres and sold off one acre during the boom. the owner of the 2 acres supposedly added a deed restriction before they sold the one acre to limit future development to site built homes only. the buyer of the one acre has defaulted on the loan and it is now for sale as a short sale. the MLS listing does not report any land use restrictions. the recorded deed for the prior sale does not include any restrictions. the original 2 acre seller probably still does not want to live next to a manufactured home (if they ever get around to building on their vacant lot) but unless these restrictions are recorded somewhere there does not seem to be any way to enforce them, right? And, since there is no hoa, it would only be the original seller who would be interested in trying to enforce them.
Can the buyer be forced to adhere to these restrictions if they do not know of their existence? Can their be such restrictions if they are not written and recorded anywhere?
Any one know a local real estate attorney who might be familiar with such matters?