Understanding Condos And PUD Ownership
Understanding Condominum and PUD Ownership
California’s builders, in an effort to combat the dual problem of an increasing population and a declining availability of prime land, are increasingly turning to common interest developments (CIDs) as a means to maximize land use and offer homebuyers convenient, affordable housing.
The two most common forms of common interest developments in California are Condominiums and Planned Developments, often referred to as PUDs. The essential characteristics shared by these two forms of ownership are:
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Tagged with: buy a home • ccr's • condominium • condos • homebuyer • homeownership • mortgage • Real Estate
Filed under: Mortgages • Real Estate
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