Tag Archives: transfer fees

Federal – Landslide vote in House bodes well for easing limits in condo sales

Landslide vote in House bodes well for easing limits on condo sales

Everybody knows that congressional Democrats and Republicans can barely agree on anything. Yet in a rare and fleeting moment of unanimity in the House of Representatives, they recently approved legislation that could expand purchase prospects for thousands of people looking to buy their first home.

“Bottom line: The bill is great news for first-time and moderate-income buyers, but don’t expect changes overnight. It still must pass the Senate and get the president’s signature, but a 427-0 bipartisan vote in the House bodes well for both.”

Colorado – Homeowners group targets HOA transfer fees in Colorado

Homeowners group targets HOA transfer fees in ColoradoPosted: 12/23/2013 05:36:29 PM MST Updated: 12/24/2013 12:02:08 AM MST A homeowners group is pushing to eliminate or cap the transfer fee charged in Colorado on the sale of homes within an association. The fees, typically paid to the property manager, cover the transfer of a unit’s information and a status letter detailing whether the seller is current on HOA obligations, financial or otherwise.

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