Real estate documents after sale

Started by SheilaR5 • 4 replies • 212 views

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SheilaR5 (California)
Posts: 42

Posted:

What real estate documents are provided to HOA management company to be stored after sale of condo?

KerryL1 (California)
Posts: 14,550

Posted:

Are you asking if the contract of sale is kept by the HOA? Or, if it keeps a copy of the deeds? What documents are you referring to?

WendyM5 (North Carolina)
Posts: 1,522

Posted:

you'll need a closing statement that tells the buyer any HOA fees dues, any legal issues and any architectural issues. If the buyer gets that legal document then the HOA can't latter say, they are not in compliance.

vis ta vie

SheliaH (Indiana)
Posts: 6,964

Posted:

Ask your real estate agent or call the property management company

If it is not right do not do it; if it is not true do not say it. Marcus Aurelius

TimB4 (Tennessee)
Posts: 21,059

Posted:

Typically, after a sale, we keep the following files (as they are associated with the lot):

Any approvals for alterations.

Any uncorrected violations that were associated with the lot (not violations of behavior).

Lot ledger

Copy of disclosure statement the Association provided for the sale.

Any paperwork we get from the closing company (we always ask for the contact info of the buyer when we provide the final dues summary for the closing company. We tend to get those without an issue).

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