HOA's and Single Family Residences, 10-12-2018

In this week's video, Dawn answers questions she has received from viewers on HOA's covering single family residences. Got questions? We'd love to hear from you. Email your questions or comments to Dawn at tipoftheweek@allegiancetitle.com.

John Vitangeli
11 months agoOctober 12, 2018
Great info Dawn!
Monica Giorgetti
11 months agoOctober 12, 2018
05:18:66
Thanks for your timely tips - Vicky and Monica Giorgetti ~ RE/MAX Dallas Suburbs
Mandy
11 months agoOctober 12, 2018
Good HOA doc info! I particularly like ordering during the listing period so all can see ahead of contracting!
Fabulous information! Thank you...
11 months agoOctober 12, 2018
These updates are the BEST!
Anonymous
11 months agoOctober 13, 2018
Thanks for this information! I agree with Mandy's best practice. Order ahead of time 👌
Karla Trusler
11 months agoOctober 13, 2018
Very helpful information but I do have a question - if a buyer accepts the (hypothetical) 59 day old resale certificate and it turns out the Seller had gotten behind in their HOA dues or there has been an assessment rendered since the date of issuance, is that something that legally now falls on the Buyer's shoulders?  If not, then if the Seller refuses to pay it, is the only legal remedy to take the Seller to court to get them to pay it?  Or, is that something the title company would cover?  Thank you!
Dawn Moore
11 months agoOctober 23, 2018
The title company would cover the Buyer for any past dues the Seller is legally obligated to pay.  And, the title company can go back to the Seller and require reimbursement.
Peggy Jones
11 months agoOctober 13, 2018
Your messages always hit the target!!  Your explanations are so clear.  Thank you,
Dawn, you are the best!!
Anne Miesen
11 months agoOctober 13, 2018
Thank you, Dawn!
Anonymous
11 months agoOctober 22, 2018
thank you Dawn! I had one recently where the buyer was charged $250 for a deposit. Who is listed as a deposit on the resale certificate. It was also stated the deposit was nonrefundable and will go into the general fund. Is there any legal definition of a deposit? Just the word implies it would be refundable..
Dawn Moore
11 months agoOctober 23, 2018
This sounds more like a "reserve" than a "deposit" and no, reserves are not refundable.  They are more like an endowment and just continues to build.
Anonymous
11 months agoOctober 22, 2018
Sorry for the typos! I hit return thinking I could start a new paragraph and it posted.
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