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Condo building, neighbor owns 3 units/more than 20% making it difficult to sell other units.

We have a vacant unit that’s been on the market for over a year because one of the tenants owns 3 of the 13 units, lenders are requiring a 20 percent down payment for anyone trying to purchase it because we are considered “non-warrantable” due to the situation. Worried it will affect our property value and give us trouble if we try to sell in the future. What are our options? Someone mentioned having the owner put two of the units in a trust instead of his name? Looking for advice…

submitted by /u/PanarinBagel
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source https://www.reddit.com/r/RealEstate/comments/1cxtben/condo_building_neighbor_owns_3_unitsmore_than_20/
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