Location of property: MarylandPurpose of financing: purchaseType of financing sought: Not sureCurrent or prior ownership of real estate: In the process of closing on first purchase.

Current or prior ownership of real estate: Rented a home for last six years (perfect record).

Current P&I is $312 @ 6.375%Type of financing sought: Undecided but probably another conventional mortgageCurrent or prior ownership of real estate: Own this property and my personal residence.

Talk to the board to make sure that they know you are exercising your ownership. 

Control is exhibited either by greater 49% equity or beneficial interest in an entity, or by executive decision-making power over the entity.Fiduciaries to the plan or those providing services to the plan such as investment advisors or tax counsel.A key employee such as a vice president or a holder of more than 10% ownership interest of a company that is controlled by a disqualified party.A 10% or greater joint venture or partner of a business that sponsors a qualified retirement plan.

Where should I go to find the ownership?

There are more benefits to the Land Trust beyond just financing which include introducing anonymity to ownership and the fact that it ties in with any future estate planning easily.

My first thought was that the homeowner was not paying their association dues and the association found themselves in ownership of the property.

@Teddy GroomsAlmost all mortgage loans are written with a clause that allows the lender to accelerate the note if the property ownership is transferred.

I will be splitting all costs and ownership 50/50 with one other partner.