Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

144
Posts
6
Votes
Bruce L.
  • Nevada
6
Votes |
144
Posts

HOA Resale Package - Red Flag

Bruce L.
  • Nevada
Posted

So, I picked up my HOA Resale Package today.
I then found out that the seller is suppose to pay for that per some State Law. (Nevada)

Anyhow, I was looking through the package and everything seems to be ok, but I'm really not sure what I should be looking for.

- The HOA is not currently in litigation
- Not aware of any pending litigation
- Not currently in mediation or arbitration proceedings
- The HOA does not have any judgments against it.

Not sure if this is normal or not especially now a days with all the people not paying on their mortgages, but in the balance sheet, there is a line item that says "Receivables", that total is $21K. I'm assuming most are from people defaulting. The HOA is $115 a month and has about 56 units townhouses.

Is that normal?
Is there anything else I should be concern with?

Thanks.

Loading replies...