Request for Information Concerning Investor Purchases of Condominiums and Cooperative Units
GGD-81-26
Published: Nov 17, 1980. Publicly Released: Dec 15, 1980.
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Highlights
To assist an investigation into the Federal response to the growing trend toward the conversion of multifamily rental buildings into condominium or cooperative housing, GAO examined the public property tax and the title records of a number of specific properties. The purpose was to determine to the greatest extent practicable the identity of those individuals who have purchased condominiums or cooperative units for investment purposes.
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Congressional investigationsInvestmentsLegal recordsPropertyReal estate taxesRental housingResidencesTenantsProperty taxesCooperative housing