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Updated 6 months ago,
HOA Budget Surplus
This is a hypothetical question. Say you sell a condo and the HOA subsequently informed you that there was a budgetary surplus on the account. They email all homeowners that the surplus is to be credited to their accounts. Since the condo was sold and you no longer therefore have an account you can't receive the credit. Would you expect the HOA to send you a check, or is the new owner under an obligation to refund you once they receive the credit? I appreciate this may depend on where the condo is located.