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This document is a request for a Condominium Questionnaire from Around the Clock, Inc. CRMC®, to be provided to a lender for a transaction, including instructions for payment and delivery.
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How to fill out request for condominium questionnaire
How to fill out REQUEST FOR CONDOMINIUM QUESTIONNAIRE
01
Obtain the REQUEST FOR CONDOMINIUM QUESTIONNAIRE form from the property management or the condominium association.
02
Read the instructions carefully to understand what information is required.
03
Fill out the property address and unit number at the top of the form.
04
Provide your personal information, including your full name, contact details, and any relevant identification.
05
Answer all questions regarding the unit's current condition, amenities, and any outstanding fees or assessments.
06
Include any required documentation, such as proof of ownership or prior agreements.
07
Review your responses for accuracy and completeness.
08
Sign and date the form, confirming that the information provided is true and correct.
09
Submit the completed form to the appropriate entity, either electronically or by mail.
Who needs REQUEST FOR CONDOMINIUM QUESTIONNAIRE?
01
Individuals who are purchasing a condominium unit.
02
Real estate agents involved in the sale of a condominium.
03
Lenders or financial institutions that require a review of the condominium's financial health.
04
Current owners seeking to refinance or obtain additional financing.
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People Also Ask about
Who fills out a condo questionnaire?
The inium Project Questionnaire (Form 1076) helps lenders collect data to determine condo project eligibility. This form is optional; however, lenders are encouraged to use and retain the form in the loan file. A substantially similar form may also be used in its place.
What is the assessment fee for a condo?
Special assessments are additional fees that condo owners must pay to cover expenses, repairs, or upgrades that are not covered by the regular condo/maintenance fees.
What questions are on a condo questionnaire?
A condo questionnaire asks about: Basic project information: facts such as the project's legal name and details about the homeowner association. Project completion: project status concerns such as whether the project is 100% complete and how many of the units have been sold and closed.
How much can you charge for a condo questionnaire in Florida?
“The association or its authorized agent may charge a reasonable fee to the prospective purchaser, lienholder, or the current unit owner 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
Who pays for the condo questionnaire?
The responsibility for paying the condo questionnaire fee is normally on the Buyer or Lender. When is the Condo Questionnaire ordered during the real estate transaction? The Condo Questionnaire is ordered once the buyer and seller have agreed on terms and signed a purchase agreement.
Who provides the condo questionnaire?
The condo questionnaire is typically filled out by the Homeowners Association (HOA) or the property management company that oversees the inium complex. This step is absolutely vital in getting a mortgage for your inium, as it provides a detailed picture of the property's financial and legal standing.
Who typically pays for the condo questionnaire?
The responsibility for paying the condo questionnaire fee is normally on the Buyer or Lender. When is the Condo Questionnaire ordered during the real estate transaction? The Condo Questionnaire is ordered once the buyer and seller have agreed on terms and signed a purchase agreement.
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What is REQUEST FOR CONDOMINIUM QUESTIONNAIRE?
A Request for Condominium Questionnaire is a document used to collect information about a condominium community, usually required during the mortgage approval process.
Who is required to file REQUEST FOR CONDOMINIUM QUESTIONNAIRE?
Typically, lenders or mortgage brokers require the filing of a Request for Condominium Questionnaire on behalf of potential buyers or homeowners seeking financing in a condominium.
How to fill out REQUEST FOR CONDOMINIUM QUESTIONNAIRE?
To fill out a Request for Condominium Questionnaire, one must provide accurate information regarding the condominium association, management, financial health, and other relevant details about the property.
What is the purpose of REQUEST FOR CONDOMINIUM QUESTIONNAIRE?
The purpose of the Request for Condominium Questionnaire is to assess the eligibility of the condominium community for mortgage approval and to determine the risk associated with lending in that community.
What information must be reported on REQUEST FOR CONDOMINIUM QUESTIONNAIRE?
Information that must be reported typically includes details about the condominium association, financial statements, insurance coverage, percentage of owner-occupied units, and any ongoing legal issues or assessments.
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