Have you been burned by High HOA doc fee's?
This is an interesting and timely issue. My only question is what do they consider "out of line" for the document charge? I often see $250-350 for the statement required by lenders plus the copies of CCR's, By-Laws and newsletters.
I'd love to hear input from other people about this issue as well, especially as many HOA's are now "foreclosing" upon buyers for unpaid HOA fees.
Have you been burned by High HOA doc fee's?
Have you had a client in escrow that needed HOA documents only to find
the staff at the HOA unfriendly and unresponsive?Have you also found that they have a 3rd party handling the paper work flow
and that the charge for the documents needed to close are way out of line?Many HOA's have found a loophole that allow our customers to be charged inflated fee's for
just copying documents.C.A.R. is asking for your help to fight these issues.
If you can provide examples of these inflated fees, please forward them to C.A.R.’s Legislative Advocate,
David Milton, at davidm@car.org. Your examples will help support this important piece of legislation.
Sidney Kutchuk AKA...Cyber Sid
SHORT SALE AGENT www.aShortSale.com
CALL ME, 951.215-6745 cell41720 Winchester Rd #I Temecula Calif. 92590 951.676-4663 DRE# 01156692
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