Updated almost 6 years ago on . Most recent reply
*INSANE* HOA resale certificate fee (Texas)?!
I'm selling a house in Texas that's located in an HOA. My understanding of it is this:
When you sell a home that is part of an HOA in the state of Texas, Texas Property Code Chapter 207 requires an HOA to provide disclosure. This disclosure/information is called a “resale certificate." The HOA is allowed to charge a "reasonable fee" to produce this.
If I google it, I find tons of people disputing a) the legality of it and b) what is considered reasonable. Many people feel that getting charged over $300 is literally a scam.
Here's the breakdown of mine, none of which I'm familiar with:
To the HOA:
$275.81 regular assessments
$1000 Working Cap Assess.
To the HOA's management:
$275 Ownership Conveyance Processing Fee
$260 Resale Disclosure Fee
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TOTAL FEES: $1810.81
Am I misunderstanding something here? I'm totally unfamiliar with this but from anything I've been able to find with google these fees sound outright criminal.