Why does the community land trust require buyers to retain an attorney?
There are a lot of documents to review when you buy a land trust house. There is the ground lease. There is the offer to purchase. There loan documents. And there are other forms that HUD requires as a condition of the funding that helps make these homes so affordable. We therefore require all land trust homebuyers to retain an attorney, to make sure they understand all the terms and conditions of the purchase. We can refer you to several attorneys who have been rated highly by our homebuyers, who are well-versed on land trust transactions, and who have agreed to represent land trust buyers on a reduced-fee basis.
