Meeting minutes chronicle the actions taken during a meeting. The format follows Robert's Rules of Order and is used for everything from club and business meetings to government meetings. For annual HOA (Homeowners' Association) meetings, minutes provide a record of decisions and actions of the ...
Read our detailed guide to better understand how homeowners associations work and the pros and cons of buying a house with an HOA.
At our first HOA meeting in May, we realized that we hadn't been paying our fees through the mortgage payment's escrow account as I'd (somewhat stupidly) thought we were. Luckily, we're in a small HOA, and they were very understanding and didn't charge us a late fee. We owed just...
Board meeting minutes, notices, and election records Membership lists 3. Report Delivery After the request, the association will deliver the documents to the escrow company. If an HOA has a management company, the management company will usually take care of such requests. 4. No Interest Held ...
Mortgage Pre-approval:Buyers generally obtain pre-approval from a lender before making an offer. This step demonstrates to sellers that they have the financial backing necessary to complete the purchase. Escrow Account:An escrow account is often used to securely hold funds during the transaction. Th...
If there aren’t any problems with the disclosure, you will be ready for your closing meeting. The closing will be the final step in buying a house. This is when you must pay the closing costs and the down payment. You must bring a valid ID to the meeting and proof of funds. ...
the community can get in contact with leaders in the neighborhood or the HOA office. You might also have an events page that goes over community-building activities, local charities, local events, and more. If you have morning meetings once a week you might include those meeting times as ...
Once you’ve found a couple of potential agents, get in touch to arrange an initial meeting that agents call the “Buyers Consultation”. You can discuss your needs and budget and get started once you find the right agent for you. Once you find an agent that you want to work with, sta...
Now you know the typical cost to build a house, but can you afford it? Here’s how to find out. If the monthly payment on a 15-year fixed-rate mortgage—including homeowners insurance, property taxes and HOA fees—is less than 25% of your monthly take-home pay, you’re good to go...
These programs tend to have strict requirements, such as being a first-time homeowner, working in a certain profession, buying in an eligible area, and meeting other lending criteria like a minimum credit score. Finally, you can also ask for seller concessions, which may include the seller pay...