Read our governing documents to determine how you are informed as to the status of your ledger account. In particular, also read your association's collection policy.
The director(s) for an association are elected or appointed to represent the association in all matters.
All creditors must be notified.
The court must be notified of the death and it will appoint a successor.The court must be notified of the death and it will appoint a successor.The court must be notified of the death and it will appoint a successor.The court must be notified of the death and it will appoint a successor.
If you have filed the financial management certificate due after the plan has been certified by the trustee as completed, you or your attorney must file an application for the discharge.
Homeowners insurance is NOT transferable. It will not follow the Homeowner to a new property nor will it cover the home for the new owner. If the homeowner sells or vacates the home or transfers ownership by other means the policy is null and void at the moment the property changes hands whether or not the Insurance company has been notified. A new owner must qualify for their own insurance policy based on their own merits.
An association-savvy attorney can help you form a new association. Be aware, however, that the old association must be dissolved before creating a new one and every homeowner must agree in writing. Also note that it might be easier to modify, amend and otherwise alter your existing governing documents so that they support the 'new' situation, as opposed to going through the dissolution and development of old and new associations.
Yes - At each state of the process, the IASO must be notified.
If you are the seller, notice that the lien must be satisfied before title can be transferred to a new owner. If you are a buyer, notice that the lien must be paid -- thus affecting the amount of your new equity, before title is transferred.
The right to foreclose upon default must be granted by the property owner. That language is included in the fine print in mortgage documents. The possibility for a "foreclosure" for unpaid assessment fees would be unlikely. The procedure for collecting overdue assessments should be set forth in the document that created the homeowner's association. The association can seek a court judgment and record an execution against the property then follow local collection procedures.
Boards are expected to spend monies according to the annual budgets which owners ratify yearly. There may be extra-ordinary expenses, which the board must explain.
If the will is changed, there is no requirement. If the court has already appointed them, then yes, they must be notified that their letter of authorization is no longer valid.
Yes. If you purchased property that was subject to a recorded Homeowner's Association Declaration of Restrictions and Covenants then you must pay the fees. The rules are in the declaration and you can review them at the local land records office.