Home Buying in 33021>Question Details

Rubyrio, Home Seller in 33064

I purchased a Condo off of the Broward county Courthouse, I will flip it. Do i have to be approved by the Condo Assoc?

Asked by Rubyrio, 33064 Fri Aug 24, 2012

The Condo Assoc. is telling me I have to fill out an application of approval and get H06 Insurance is that necessary?

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Answers

4
Meir Aloni’s answer
Buying in any HOA you will need to play by their rules; HOA (Home Owner Association) have the right (and they exercise it) to screen all buyers and tenants (IF they allow renting...)


Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)

Successfully selling Broward County since 1986!

Direct phone# 954-338-5220
0 votes Thank Flag Link Tue Sep 25, 2012
If you own it, then yes you have to do so. No big deal, because once you flip it you can get reimbursed for the portion of insurance prepaid.

Based on this and the other question you asked, I'm guessing you are a 1st time investor?

Tchaka Owen
Keller Williams Realty Professionals
954.552.6112
0 votes Thank Flag Link Fri Aug 24, 2012
No I am not a first time buyer. I had bought several different properties in Palm Beach County and there seem to be a huge miss understanding about auction bought properties Most Associations insisted on the application process but after speaking to their attorneys they informed the association that I was basically willed into the Association and no approval process is needed. This Association is giving me a hard time.
Flag Fri Aug 24, 2012
Dear Rubyrio,

Usually, a buyer will read the condo documents and call the condo association for information before they purchase. You choose to go around this. Yes, is the answer to your question.

Susan Penn, PA, SFR, CDPE http://about.me/HomesForSale_SusanJPennPA
EWM Realtors® | A HomeServices of America Company | An Affiliate of Berkshire Hathaway
2000 Main Street, Suite 103 | Weston, FL 33326
T: 954.306.7337 | C: 954.557.5993 | F: 954.515.0200 | penn.s@ewm.com | http://www.ewm.com
0 votes Thank Flag Link Fri Aug 24, 2012
Hi,
Yes, it is. You cannot be an owner of a condo unless you are approved by the board.

Beth Jenkins
South Florida Brokers.
bethjenk1@gmail.com
Web Reference: http://www.arealtyteam.com
0 votes Thank Flag Link Fri Aug 24, 2012
Not true. I purchased at auction. I automatically become approved. But from what I understand it depends on the association. I have purchased many in Palm Beach and all they needed was my information, not undergo a vigorous approval process. Several attorney have told me that is like I was willed into the property.
All they needed was my Certificate of Title.
Flag Fri Aug 24, 2012
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