What is the role of Homeowners/Condo Associations in the process?
Properties in owners associations require the seller to provide the purchaser an updated set of disclosure documents. It is expected that the property will be turned over free of violations and that dues and assessment fees are up to date. The lender and Title Company will question the associations as well.
Related Questions
- Where can I find out more information on the homeowners association declaration of covenants revival process and homeowners associations in general?
- What will each one be made up of and what will the expense line items that the homeowners or condo associations cover?
- What are the rules for homeowners/condo associations?
