Foreclosures have hit Planned Unit Developments and Condominiums hard.
One of the first things a troubled buyer does is stop paying assessments on the property.
The HOA needs the monies to maintain the value of the property and stop deferred maintenance and losing further value.
How much money is missing?
Is this a negotiable item? YES!
The question is how much to negotiate.
Community Association DataSource REVIEW of the HOA’s financials would give the potential buyer the facts in 72 hours.
Facts on reserves, deficits, % in default, % of rentals, over 130 questions answered as per the DAVIS STIRLING ACT
Facts the agent can use to negotiate price.
Our review is complete in 3 days. Cost $375
Call Gary C Smith
510-914-0279
www.hoadocumentreview.com
Agents and Brokers are saying our review is more important than an appraisal or inspections
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