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Updated almost 10 years ago,

User Stats

412
Posts
272
Votes
Bob H.
  • Rental Property Investor
  • Cedar Park, TX
272
Votes |
412
Posts

HOA transfer fees

Bob H.
  • Rental Property Investor
  • Cedar Park, TX
Posted

I own three homes in two homeowner associations that have exorbitant fees charged when homes are sold. In one neighborhood, the management company charges at least $500 (and won't say exactly how much) for emailing HOA documents and a statement of the account to a title company and then creating the new owner's account. In another neighborhood, the management company charges $490 for the same service and the association tacks on $300, financing the association disproportionately from homes that change hands.

The clerical work involved in these transfers probably takes no more than 30 minutes, but homeowners are stuck paying because title companies won't close escrow without the HOA managers' documents. In my experience, association board members do not pay attention to this and are unresponsive to complaints, because they don't like to question the management companies. Does anyone have a solution to these ever-growing charges?

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