What is an HOA Status Letter?
This is a statement, prepared by management on behalf of the Association that discloses any monies due the Association as of a particular closing date. This includes any outstanding or pro-rated assessments, working capital, or required deposits due. The process for attaining a Status Letter is: The title company places a request for this information. This request can be sent via this website or via tax. The Accounting Dept. will determine the monies due so that these funds are collected at the time of closing. The funds are then forwarded to management along with a copy of the warranty deed by the Title Company, providing information for the association’s record on new ownership of the property.
