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Updated about 6 years ago,
Need a good Real estate lawyer/attorney re land trusts
Can anyone recommend a good real estate attorney in DC who is familiar with community land trust covenants? I’m trying to see if I can get out of one. I was “young and dumb” as they say, when I bought a condo tied to a land trust. I want to sell it, but if I sell, I lose 75% of the equity per the covenant, the sale price is set by the trust, the trust has 90 days to try and get an Income-restricted buyer before it goes on open market, and I still bear all the costs (including a required appraisal before listing). Any suggestions?