Condos reversion process

PPereira · Post by **PPereira** » Thu Aug 11, 2011 9:09 am

Good morning,
Does any of you have information on condominium reversion process?
Your expert input is much appreciated!

RAM · Post by **RAM** » Thu Aug 11, 2011 12:00 pm

This is new to me. If you revert a Condo, what do you end up with? A single owner apartment? You have me curious.

land butcher · Post by **land butcher** » Thu Aug 11, 2011 1:55 pm

RAM wrote:This is new to me. If you revert a Condo, what do you end up with? A single owner apartment? You have me curious.

Me too. And why would anyone want to do that?

PPereira · Post by **PPereira** » Fri Aug 12, 2011 6:44 am

I was very curious as well. I work for a public agency and I was asked this question by one of the planners. Somebody interested in buying this particular property that had been converted to condos in the 60’s raised the issue. He now would like to buy it and reverse the process. I had never heard of this "condo reversion" process before. I was curious to find out if any of you knew about this... I did find some references to it in real estate companies website but not enough to understand it.

dmi · Post by **dmi** » Fri Aug 12, 2011 7:37 am

This would fall under you local agency requirements for voluntary mergers, if any. The HOA would most likely have to be dissolved, so there are some DRE issues as well.

California Surveyors Forums

Condos reversion process

Condos reversion process

What are your local agency requirements?