Condo Conversion Mess!

Four investors purchased a big double duplex townhouse and converted to condos through a no-action application. Everything was approved in the condo deeds but now two of the investors have no income and can’t get a mortgage to close on one of the condos.
Our lawyer says we can bring someone else in to buy that portion and we can close along with our new investors and finally convert to the two condos on the same day.

Has anybody ever heard of this? And if so, what happened?

Would you try and sell the investors portion through a broker? Or word of mouth?

Any advice appreciated.

By cjs |