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5/13/2018 11:35:04 PM
 
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Section 5: OPA Board Subject: Great Expectations & Potholes Msg# 1013558
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JB told me that when he was in Virginia, his association held real estate seminars
This is not Virginia. I am no expert on Maryland sales and HOAs but the depository in Snow Hill has the HOA documents a seller must provide a buyer in OPA. The seller does not need to pay OPA for the documents. As for the issue of paid assessments or DR violations, can the seller simply certify that all is in compliance. There is a legal process in which an HOA must physically inspect the home to ensure physical changes to the property were approved Do you happen to have an actual reference to Maryland law that requires the seller provide such an OPA statement or inspection? It is certainly a good idea for the buyer to have this, but I am just not sure it is a Maryland legal requirement to sell the property. Meanwhile, I assume he is personally reviewing settlement documents to get a lay of the land. Who knows. When I asked him about this a month or so ago he simply said it was the way it was done in Virginia and he was required to sign off. He seemed totally uninterested in the issue Marlene Ott raised. Of course in the Progress today I see where Trendic points out the documents must be signed by an officer of the corporation. The article also states Bailey is not an officer of the corporation. What make sense, if that is the case, is for OPA to appoint whoever was signing the documents as an assistant Secretary and be done with it. Why on earth cause delays on sales that are not necessary? |
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For reference, the above message is a reply to a message where: And now the real estate sales snafu-- his OK needed before folks can sell their homes?? A self-inflicted injury. No excuses will suffice for that practice. Not really a real estate snafu, Tom. There is a legal process in which an HOA must physically inspect the home to ensure physical changes to the property were approved and that there are no pending property liens. Besides that, due to internet sales, we have out of state realtors and closing companies that are unaware of MD laws or HOA covenants. Settlements have been completed without HOAs being paid back assessments. We had this situation come up in the Parke and the time and energy to correct the problem is time consuming. JB told me that when he was in Virginia, his association held real estate seminars to educate agents and settlement companies and he plans to do the same here. Meanwhile, I assume he is personally reviewing settlement documents to get a lay of the land. Tom |
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