Show CONDOMINIUM C CAUTION UTION Condominium units are Increasing increasing increasing in In- creasing in popularity as aa a type of oC higher density housing housing hous hous- ing more people can afford aCCord to purchase If your home ownership plans include a condominium con be sure to check checkon on protecting your investment investment invest invest- ment before beCore you just buy as with other kinds of oC residential real estate As an example of oC the need for Cor precautions more than thane 60 buyers recently rey re reo y bought w units In an anI e I attractive new condominium II t fi state-before state In an eastern it Dawson was learned that the project faced a serious serious seri seri- ous land title problem This particular condominium ium fum was constructed in three stages of 24 units each After Arter more than 60 buyers had purchased units it was learned that the master deed was not properly amended to legally allow for or expansion to the second and third stages As a result the title to common areas in the condominium con condominium was questionable where all an unit owners owner were concerned This threatened the marketability of land titles for the unit owners Fortunately unit owners in this instance were protect protected ed by owners owner title insurance After Arter two units in the second construction phase failed lusell to tD sell aeU because of oC related land title difficulty the insuring title company purchased ed those tho units unit from their insured own ers era And the title insurer subsequently arranged fur for or an amended ended master deed to be executed rectifying the title Uti problems to save other unit owners owner financial loss |