All properties with a closing date of January 1, 2020 or later will require a $50.00 fee for Resale Certificates. (Checks made payable to MEPOA, or pay online here)
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 is called a “resale certificate”, and it is required.
An HOA resale certificate is a financial overview of the HOA, including the seller’s current standing with the association. The resale certificate gives specific information about the property that is being sold and where it stands with the HOA; this includes disclosing any past-due payments or unpaid violations, any pending violations, and all fees that are due upon closing.
You don’t want to end up purchasing a property with potentially thousands of dollars in unpaid dues. The new property owner is liable for these dues. Good title companies and agents take care of this for you. Bottom line: Don’t purchase a home in a HOA without getting a Resale Certificate.
To request a Resale Certificate fill out the form below (or mail a written request) and submit payment to:
P.O Box 840, Lytle, TX 78052, or pay online here.