As far as being charged for a Rush delivery, find out from the property mgmt co. for the HOA how long the docs would have gotten to you had you NOT done Rush delivery. If you didn't reallllly need Rush Delivery & the escrow co. ordered it that way without asking you or your Realtor first, you should ask the Escrow co. to cover the cost for the Rush.
Realtor Since 1996
I do real estate transactions in Irvine. The average costs (regardless who gets them) is $300 per association. Additional cost can be for rush delivery and/or something called a "condo cert", which is mostly required for when you get a FHA loan to purchase the property or if your lender requires it.
If you feel that your real estate agent didn't disclose this to you properly, then I would ask him to rebate a portion of his commissions to make up the difference or see if the escrow company can reduce their fees. Just based on my experience with REOs and their use of escrow companies, you are better off hitting up your agent.
CA Real Estate Broker
My point of view, your agent should have been on this a long time ago and working to get them from someone. Any way, why would anyone buy or sell real estate without a real estate attorney, you cannot compare them to a title company.
Good luck with your closing.
Agnes Tabor, REALTOR
For 2 different HOAs that might be right.....although I agree with Emily that it probably includes the transfer cost as well. I am not aware of any way to get them free....unless the previous owners have them, but since this is a REO, that's unlikely.
You are making a very important decision...I know that it's a lot of money, but making a mistake would be much more costly, be sure to do all your research!
I agree that they ordered everything and put a rush order on it as $800 seems about right. It's better that way in case your lender wants something from the HOA, you don't have to wait another 7 days before getting it. It also meets your contingency requirement on your purchase offer.
Additioinally, You need minutes of HOA meetings for the last 12 months, and the financials.
Your lender may need a HOA Certification, which should be under $100.. Some lenders pay this, some pass it on to you.
Find out from the HOA/Escrow what the price would be for the minutes and financials, insist that the escrow get the documents which are public record (CC&R's, at least) from the title company, and tell them that you will only pay for the docs which are not public record.
The contract says seller pays for HOA transfer and I pay for obtaining (whatever that means) CC&R and bylaws. My realtor keeps just repeating that without answering my questions how come I ended up with $829 and if I could've got them on my own. If I add everything is available it's a lot, probably close to 800 like they said. But I'm still confused as why did they ordered all of them? Also what happens if I'm not going to be the owner of this property, why would I pay for all these copies? Can they be returned, as I saw something like if there is no closing, the fee is 75 each. Do I have to return them since I never ordered them or the escrow will take care of that?
Hope this helps,
Hope this helps. Make sure you tell the HOA company the tract/ community of the home you are buying.
Good luck. :)