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Using Trulia in 22180 : Real Estate Advice

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Activity 1
Tue Feb 17, 2009
Dana Schuster answered:
Your lender should have been given this info before closing. it is generally a requirement for underwriting,at least that's been my experience. In Louisiana, the purchase agreement requires a special addendum for this. You can't close on a condo here without the HOA providing insurance info,owner to tenant ratio,etc. I have also had experience with trying to get damage repair w. a condo and sometimes the insurance companies take forever. I sold a condo unit after katrina and while there was no flooding in the complex,the entire complex (these are townhouse duplex style) had roof damage. It took months to get this fixed,and my buyer couldn't close until this was done. ... more
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