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can my homeowners association purchase land

1 Answers. Asked on Jun 21st, 2017 on Real Estate - New York
More details to this question:
as a settlement of a lawsuit brought by 10 members of our HOA, the defendant is now offering land in lieu of payment. Some within our HOA want the land deeded to the HOA. Can an HOA own land?
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Answered on Jul 02nd, 2017 at 6:24 AM

An HOA can own land. 

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Real Estate
Real estate attorneys can help individuals, families and small business with all property-related legal issues. Buyers and sellers of residential and commercial real estate should work with an attorney to negotiate the terms of agreement; draft and review the contract; review related paperwork (such as loan agreements); clear existing liens on a property; and attend the closing. Lawyers can also assist property owners with addressing zoning/rezoning issues and appealing property tax assessment. Landlords and tenants should work with real estate law firms to draft and review lease agreement, handle eviction proceedings and resolve landlord-tenant disputes.
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