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5/14/2018 9:20:10 AM
 
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Section 5: OPA Board Subject: Great Expectations & Potholes Msg# 1013583
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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.
Joe, The OPA Request for Disclosure Packet contains such language and is based on the MD HOA Act. There is a time-line for completion, and in practice, a CPI rep inspects the property before OPA signs off. Typically, the realtor completes the form. Forum members who care to look, the Disclosure Packet request can be found here: |
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For reference, the above message is a reply to a message where: 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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