New Condo Offering Plan Service Not So Innovative

An online library containing more than 2,000 condo offering plans and amendments for condos and co-ops in New York City opened for business in fall 2010. Although a New York Times article touted the free service, run by New York-based TitleVest Agency, Inc., as innovative, it turns out the same information can be found with a quick search of online county records.

Attorney Ira Price of Legal Title Services, Inc. in Miami says these can easily be found by searching official county records, searching by declaration of condominium then by the condo's name.

"The plans are already online, however, it appears this service will save time and trouble," says Price. "In order for a condominium to be legal, a complete set of the condo documents has to be recorded in the public records where the condominium is located."