Yorba Linda/ Saddleback Valley : Ruling Allows Owners to Sell Condominiums
An appellate court has cleared the way for the owners of 491 condominiums, caught in the middle of a lawsuit between a renters’ group and county officials, to sell their homes.
The 4th District Court of Appeal on Friday upheld a June, 1985, Orange County Superior Court ruling removing legal notices that had virtually prevented the condominiums’ sale.
The notices were attached to the homeowners’ deeds to inform potential purchasers of a lawsuit, filed in 1983, by the Orange County Renters Assn. The lawsuit seeks to reverse the county’s May, 1983, decision to disband its affordable housing program. It also seeks to reinstate resale price controls on condominiums built under the program.
The Superior Court ruling removing the legal notices was appealed by the renters’ group. The affected condominiums are in Yorba Linda and the Saddleback Valley. When they were built under the county’s affordable housing program, they were subject to controls that restricted resale prices and income levels of new buyers.
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