Tag: HOA

New Maryland bill to limit cost of condo resale package

Written by Federal Title on 2014-02-20.

Maryland law requires the seller to provide specific information pertaining to the resale of property within a Homeowner’s Association (HOA) or a property designated under a condominium regime. Typically, this information is produced by the...

Condominium rider: What is it, why does my lender require me to sign it?

Written by Federal Title on 2013-06-13.

If you’re buying a condominium, one of the documents you will be required to sign in connection with your loan is a “Condominium Rider.” This rider is an attachment to the document recorded in the land records to secure...

Condo fees and closing: Why do we care?

Written by Federal Title on 2013-06-12.

If you’re buying a condo, Federal Title needs to make sure condo fees are collected and paid current by the seller at closing. This is because a new owner is personally liable for a prior owner’s unpaid fees, and unpaid fees can...

HOA and condo foreclosure in Washington DC and beyond

Written by Guest on 2011-01-18.

The focus in regards to the foreclosure crisis has been directed almost entirely at mortgage foreclosures. But did you know that your homeowner’s association or condominium association has the right to foreclose on your property as well? HOA...

Purchasing a condo: FAQs

Written by Federal Title on 2010-01-21.

Reviewing and understanding a condominium’s declaration and bylaws is extremely important. These documents stipulate nearly every aspect of condominium living — from the election of the board of directors of the condominium association, to...

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Tag: HOA

New Maryland bill to limit cost of condo resale package

Condominium rider: What is it, why does my lender require me to sign it?

Condo fees and closing: Why do we care?

HOA and condo foreclosure in Washington DC and beyond

Purchasing a condo: FAQs

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