Can Your Condo Association Pass a Financing-Readiness Check?
Condo financing can be affected by more than the buyer’s credit. Reserve funding, insurance, deferred maintenance, delinquencies, special assessments, and incomplete records can all create problems during lender review. Here’s how Colorado HOA and condo boards can spot issues before they delay a sale or refinance.
What Records Should an HOA Receive When Changing Management Companies in Colorado?
When a Colorado HOA changes management companies, the transition should include more than governing documents. Financial records, owner accounts, contracts, passwords, vendor information and other association property may all be necessary to keep the community operating without disruption.