Cabin Purchase options--co-op's

[Iron Cowboy]

Hey all, not sure where to post this but thought this would be best bet. I'm shopping around for a modest cabin for family fun on the weekends and investment for the future.

Seems though that the working man is about priced out of the market. The big thing now for anything in the 100K to 150K range seems to be these co-ops where from what I understand a big company owns the property and your mortgage buys shares in it for the right to stay in thier cabin?? Most seem to be old resort cabins or rv parks with a common area /shared dock beach etc. some have monthly assosiation fees some dont. My question is what happens if the company goes under? what is the resale value like? Since the bank will hold the title on a conventionall loan anyway I really dont care who has it, I would just like the security knowing I will have good market value if I want to sell 10 years from now. I have talked to a couple different realtors that cant seem to give my any real answers and say things like you would probably want a lawyer to look things over. well that makes me have doubts right there. Anyone have any first hand experience with this themselves? or maybe know a realtor (yes I know about the realtor link at the top) that has more experience with these newer buying tactics and can give me some real answers. I can be reached at [email protected] or 320-492-0572 Any help is appreciated.

[BoxMN]

Sent email to you. Not a great answer to your question, but the limited info I have.