Tag: deed restrictions
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Workforce Deed Restrictions: How Are They Monitored?
With housing costs up (and wages not so much), some cities need to give working people a hand. As financial barriers to homeownership continue to frustrate so many wage earners, workforce housing is one way to make deeds attainable. It’s for households earning too much to qualify for standard government subsidies, but who can’t pay…
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A Minnesota First: Twin Cities Suburb Requires Removal of Race-Based Deed Restrictions
Mounds View, Minnesota is making history with its new ordinance requiring home sellers to remove race-based deed restrictions before selling. Mounds View adopted its new ordinance on July 23, 2024. It’s official. Mounds View, a Minneapolis – St. Paul suburb, will now require the removal of racially restrictive covenants from deeds. Racial covenants (a.k.a. race-based…
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So Many Homes in HOAs—Is This the Future of Houses?
It’s your deed. But it could come with community-wide restrictions, as well as a long list of homeowners’ association rules that support those restrictions. If you value privacy and autonomy, this might be just what you’re trying to avoid. You want ownership — not other people telling you how to live. But it’s getting harder…
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Wait—Did Alabama Put Restrictions on Flooded Home Deeds So Owners Can’t Sue?
Homeowners in Shiloh, situated in Coffee County in southern Alabama, have questions. According to an exposé by Inside Climate News, officials put deed restrictions on their home titles, preventing them from suing the state. These covenants run with the land, binding the deed holders — and anyone who might ever receive their deeds, far into…
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Driving Change: Can a Real Estate Company Use AI to Root Out Prejudice in Deeds?
Seattle real estate firm John L. Scott is on to something. The company is working with Amazon Web Services to create intelligent document processing. The goal? To help deed holders easily check for race-based deed restrictions — and take action. Race-based prejudice is all too common in deeds across the United States. The language…
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Deed Restrictions as Affordability Tools
Vacation Town Residents Get Paid to Live in Their Homes Park City, Utah is a tourist mecca. It’s known for the Sundance Resort, with its famous Sundance Film Festival. Need we say it’s a town full of vacation rentals? Two-thirds of Park City’s homes have no one living in them. The supply of homes for…
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Can Condo Buyers Freely Work in, Sell, and Rent Their Condos?
A condo for sale? That’s an opportunity for a buyer to acquire a deed, start building equity…and maybe even attain financial freedom. Some first-timer buyers who want a foothold on the ownership ladder jump on a condo listing for precisely that reason. To some, condo deeds represent long-term homes and investments. To others, condos are…
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Michigan Deed Holders: Your Property Rights Could Change
Living in Michigan? It’s time to check your deed restrictions. Michigan deed holders should know that changes made to the state’s Marketable Record Title Act (MRTA) took effect March 29, 2024. And there’s a new deadline to record a notice under the MRTA. KEY POINT TO KNOW: Michigan deed holders now have until September 29,…
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Is Moving to a 55+ Community a Good Decision?
You or someone you know may be one of the generation of people aged 55+. And you might be thinking about downsizing or moving to a 55+ community. Here, we orient curious readers with the pros and cons, and go over the deed restrictions to understand before and after buying in.
