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Updated over 4 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Ryan Dodge
  • Investor
  • Austin, TX
1
Votes |
9
Posts

*INSANE* HOA resale certificate fee (Texas)?!

Ryan Dodge
  • Investor
  • Austin, TX
Posted

I'm selling a house in Texas that's located in an HOA. My understanding of it is this:

When you sell a home that is part of an HOA in the state of Texas, Texas Property Code Chapter 207 requires an HOA to provide disclosure. This disclosure/information is called a “resale certificate." The HOA is allowed to charge a "reasonable fee" to produce this.

If I google it, I find tons of people disputing a) the legality of it and b) what is considered reasonable. Many people feel that getting charged over $300 is literally a scam.

Here's the breakdown of mine, none of which I'm familiar with:

To the HOA:

$275.81 regular assessments

$1000 Working Cap Assess.

To the HOA's management:

$275 Ownership Conveyance Processing Fee

$260 Resale Disclosure Fee

--------------------

TOTAL FEES: $1810.81

Am I misunderstanding something here? I'm totally unfamiliar with this but from anything I've been able to find with google these fees sound outright criminal.

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