theFrontSteps – San Francisco

Real Estate, Insight, Statistics, Gossip, & News…With a Twist and Some Flavor

Entries Tagged ‘Tenancy In Common’

TIC Versus Condominium, Which Holds More Value?

Answering the oh so common question in San Francisco real estate, “How much more valuable is a Condo than a TIC (Tenancy In Common)”, RealDataSF.com takes us there in a chart: [Update: If you saw a chart before that was different than this one...that was the wrong one. This is correct.] [Update 2: From "Garrett" [...]

Ask Us: Do We Have To Use Bank Of Marin?

Where readers ask and we (the community) try to answer: Hi! My husband and I are considering purchasing a TIC unit in the Marina. The owners currently have fractional loans through the Bank of Marin. If we did purchase, would we be locked in to their loan rate/term or could we negotiate? Could we work [...]

One Partner In A TIC Defaults, The Other Paid Cash: What Happens

Pulled from the intertubes: “Does anyone have experience with a client who bought into a 2 unit TIC and paid all cash and the partner had a loan? In particular, what type of legal protection did they get in case of loan default by the mortgaged TIC partner. Answers ========================= It should be covered under [...]