Reply to What’s the worst/most expensive thing you’ve discovered was wrong after closing?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought I bought a townhouse but it was a condo. They only used the word condo in the legal paperwork. Of course it’s obvious to me now. [/quote]

I’m a transactional real estate attorney.  I used the draft condo and hoa association docs.  An HOA is legally a condominium turned sideways.  They are effectively indistinguishable.  What do you think is different about the two?[/quote]

Fee simple and condos are completely different forms of ownership. What are you talking about? [/quote]
I’m also a real estate attorney (different from the previous poster).  The prior poster is correct in that there may be no practical difference between fee simple and condominium ownership.  Fee simple ownership is in a community is subject to a recorded HOA document.  In condominium ownership, there are typically more rights reserved to the association, but this varies and it is not necessarily the case.  The difference between fee simple ownership and condominium ownership could be as minimal as who is responsible for maintaining the vegetation around the structure.[/quote]

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