I do not know Rebecca Law personally, however I came across a blog article she wrote on HOA documents and how to evaluate an HOA. It was one of the best written informational pieces on HOA's & condo's I've ever come across. Granted it is regarding Minnesota HOA's, but a majority of the information is applicable to HOA's everywhere.
The importance of certain HOA docs:
Evaluating an HOA (9 part series, each part is a short read and is packed with pertinent information):
I hope this answers your question.
You will want a complete and current condo re-sale package but this usually comes after your are under contract. Prior to writing the contract you will want to know (i) has the condo association been approved for your type of loan (ii) are there adequate reserves for the condo that meet your lending guidelines and; (iii) are the owner occupant to investor ratios in line for your type of loan. Your lender should be able to check this for you using contact information for the Condo that should be provided by the listing agent.
You'll also want to check to see if there are any "deal breaker" rules for you such as pet restrictions.
Great question to ask since a non-solvent condo association can shut down a transaction!
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Association rules, regulations, and restrictions. Certificate of insurance. Verification of monthly assesments, and see a paid up letter from the association that the current resident is up to date. Some of this does not need to be done up front but shold be requested prior to closing on your unit.
All the best,