Quote:
Originally Posted by spartanmoose
Here at Gamma Omicron,(Michigan State) LCAP has owned our house since 1993. We are making some great steps in a positive direction and feel that LCAP is just holding us back.
This saturday I have a meeting with the Alumni board and this will be one of the biggest issues on our agenda.
I was wondering if any chapter out there has bought their house back, and if they did, I would like to know some pointers. This seems like a big hill to climb, but it for sure needs to be done.
Matthew Moose
High Rho
ro 2140
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LCAP is like any institution when it comes to property.
Find out what the payoff is and go from their. If you need to get a loan, also have that information for pay off.
LCAP is a lease holder of trust, not a captive of property.
If they fight it, then find out why. Find out who is fighting it and why.
Ducks in a row. LXA is not in the business of owning property but as I said, it is supposed to be in trust for the Chapter.
Please let us know what the status is!
