Friday, January 16, 2009

An almost $80,000 disaster.

We recently reviewed documents on a REO condo.
Our review of the RESERVES revealed the reserves were underfund $80,000 per unit. Without our REVIEW the buyer would have either had to pay the $80,000 or take the bank to court over the issue.
It definitely pays to have Community Association DataSource and Jacquie Berry review the docs.

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