Home Buying in 33160>Question Details

resnit, Home Buyer in 33160

Can HOA refuse to approve a sale because the buyer is not willing to show tax returns?

Asked by resnit, 33160 Tue Dec 24, 2013

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5
If tax returns are specified in the screening packet or other condo documents, the buyer can refuse to show, but the association could deny the application, based on non-compliance with their rules.
Are their rules lawful? This is an attorney question.
0 votes Thank Flag Link Fri Apr 18, 2014
A condo association or HOA can make, enforce, implement all kinds of rules and regulations in regards to the operating of the community and process for transferring, leasing of individual units therein.

Typically these rules and regulations are to benefit the community as a whole.

Yes, the can refuse to approve a sale in the event of non-compliance.

An attorney may be able to determine if the action was lawful.
0 votes Thank Flag Link Mon Mar 17, 2014
Having a resource to help with HOA information and documents makes life easier for real estate agents. Recently, when selling a home in Ohio, Association Online provided me with all the HOA details for the listing, and then provided all the documents - by-laws, financial statements, covenants, etc. They made sure the package was complete, making my work easier. Their web site is well organized and very easy to use - http://www.associationonline.com . Call their team of experts – they are great to work with (970-226-1324).
0 votes Thank Flag Link Mon Feb 3, 2014
A sale usually is not refused for not providing one type of document. There are always exceptions for screening purposes. A foreign buyer will not be able to provide tax returns and it doesn't mean he won't be approved. All HOA's are different, but in this case buyer has to justify why he doesn't want to present tax returns or try to talk to the management to find an alternative. The HOA has the final word in this and a sale is refused because the screening itself was negative, not because one document was missing.

If you need help just contact me.

Jose Guzman
LCAM - LREA
Bay International Realty

joseguzmanrealtor@gmail.com
http://www.MiamiApartmentsAndHomes.com
0 votes Thank Flag Link Fri Jan 10, 2014
Only if their condominium documents give them that right and they've applied this screening to all other prospective tenants without exception. That being said I'm not a lawyer and the tenant should contact an attorney for legal advice.
0 votes Thank Flag Link Tue Dec 24, 2013
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