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Updated over 7 years ago on . Most recent reply

User Stats

41
Posts
6
Votes
Shashy B.
  • Investor
  • Newark, NJ
6
Votes |
41
Posts

resale package needed from unresponsive HOA - alternatives sought

Shashy B.
  • Investor
  • Newark, NJ
Posted

Hi all,

I've been in contract for a property since late Dec. The contract has been extended multiple times, with the final date being 2/21. We (the title company, me, my agent, etc) haven't received a response from the HOA regarding the current outstanding HOA fee balance. My agent is going to drive by the office tomorrow but I think it's unlikely he'll find anyone.

The attorney for the seller (Fannie Mae) suggested that I sign a hold harmless agreement so we can close in time. I declined as I'm not going to commit to paying an unknown amount. 

Any suggestions on other ways of addressing this? Thanks!

Most Popular Reply

User Stats

18,890
Posts
16,372
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Chris Seveney
  • Investor
  • Virginia
16,372
Votes |
18,890
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied

Shashy B. I would be knocking on doors in the HOA asking who the president is and chase them down. Of course the lack of responsiveness would scare me in how the HOA is run and make me think twice about buying

  • Chris Seveney
business profile image
7e investments
5.0 stars
16 Reviews

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