Most Lenders and Closing Companies will require that the Association issue an “Estoppel Certificate” when you sell or refinance your property. This form requires that we certify your status as a member and association facts. This information then becomes a legal document as part of your closing.
The Homeowner Association or Management Company are NOT required to complete this document, but if your closing is to be successful, it often must be done. In the past these “Certifications” were done by 3rd party providers who charge up to $150 depending on the amount of research, level of urgency and legal liability this form requires.
In an effort to make this service more affordable to the Member, myHomeSpot.com is now performing this service at discount to include a “5 Day Processing Guarantee”. The cost for pre-paid closing certificates are $50 for orders received 5 days prior to closing. If a request is needed before 5 days it will be considered a rush and have an additional $25 charge assessed. Any request to be paid at closing will cost $75. Please complete the order form to process your request.
Florida Statute 720.303(5)(d)
The association or its authorized agent is not required to provide a prospective purchaser or lienholder with information about the residential subdivision or the association other than information or documents required by this chapter to be made available or disclosed. The association or its authorized agent may charge a reasonable fee to the prospective purchaser or lienholder or the current parcel owner or member for providing good faith responses to requests for information by or on behalf of a prospective purchaser or lienholder, other than that required by law, if the fee does not exceed $150 plus the reasonable cost of photocopying and any attorney’s fees incurred by the association in connection with the response.
Effective October 1, 2012 myHomeSpot.com will no longer issue Estoppel requests. This service will be provided by www.CondoCerts.com.