As part of the condominium sale process in Massachustets, the seller must provide at closing a 6D certificate, signed by the Trustee(s) of the condominum association, that there are no past due condo fees or special assessments that are outstanding against the unit.
The certificate should be through the end of the month in which the closing occurs, not just to the closing date. The condo fees will be pro-rated by the closing attorney between the buyer and seller depending upon the date that the closing occurs.
Keller Williams - Stockton, CA
Gary - HOA dues have sent many a condo deal down the tubes when neither the buyer or seller will pay for them. The other item that is discovered are law suits against the HOA or by the HOA against the seller. We do our best to find out about all this at the very beginning so that they do not come up and bite us later. Thanks for the blog.
Jan 31, 2011 05:07 AM
Comments(1)