Author Question: In the deed of trust financing arrangement, the land owner is the trustee. Indicate whether the ... (Read 125 times)

biggirl4568 · **on:** Jun 24, 2018

In the deed of trust financing arrangement, the land owner is the trustee.
Indicate whether the statement is true or false

Question 2

Kay Winans purchased a home in a subdivision being developed by Trammer Homes. When the subdivision was halfconstructed, Trammer Homes pulled out of the project and sold the remaining land to a townhome developer. Kay feels only singlefamily homes should be built in her subdivision. What sources of law would help Kay resolve her questions?

scrocafella · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

FALSE

Answer to Question 2

Kay should examine private law including her sales contract and her deed and deed restrictions. She should also look to zoning ordinances to see if there are restrictions on the type of residence in her area. Case law on deed restrictions and developments might also be helpful. There may be some state statutes that would provide protection as well.