7 Types of Community Associations and What They Mean for Title & Escrow Closings
Community associations are organizations formed to manage and maintain a specific community, typically a neighborhood or housing development. Each association has its own rules, regulations, and fees that can directly impact a real estate transaction. Oftentimes, the responsibility to acquire documents from a community association falls on the escrow officer. Common challenges include finding the […]
What Are HOA Financial Statements? And How Title & Escrow Teams Should Review Them
You’ve finally gathered all the HOA documents you need to close your deal. Now, it’s time to read and analyze. For Title and Escrow teams, HOA financial statements are not just background paperwork. They directly affect lender approval, buyer risk, and closing timelines. Missing red flags or misreading these documents can lead to last-minute delays, […]
