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If you're short selling your condo, your agent should have generated the list of selling expenses with the title company. This would have included commissions, property tax prorations, transfer tax and misc items such as condo docs. The buyer will need to see the most recent hoa docs which is a normal part of the buying process. The question is when does he get them? If your lender has not already issued an approval letter, then who knows how long it could take? What you could do is order the initial docs for the buyer, and ask your HOA is they will charge again to get any updated items later once your bank approves the short sale (updated minutes, insurance, etc).
Rich Bennett. Realtor
http://www.76-78Prosper.com http://www.LansingStCondo.com http://www.115-117States.com
Zephyr Real Estate
But how much is the value of the condo?
Are these condos worth 800,000 or more?
Is this a 400,000 condo?
You can try to negotiate with the management company.
Perhaps you can let them know you can send someone in there in the middle of the night and steal the documents for less... Just a joke. I would be at the next meeting and bring up the idea of a new management company as in my 10 years I have never heard more than 375 dollars for HOA docs transfer fee etc.
Harold Sharpe - Broker
So Cal Homes Realty
California Department of Real Estate Broker License # 01312992
In CA, the seller usually pays for the HOA docs. $700 does seem rather high but that may be the 'norm' in SF? Have your escrow company check with the HOA on why the cost is so high and also have them see if this short sale falls through, can you use the docs again for a new buyer or are you going to have to purchase them again for another $700. You want to make sure because HOAs are notorious for charging fees.
PLEASE SEE MY BLOG FOR TIPS ON SHORT SALES . good luck with your short sale