Re: Weird RFI seeking copies of our HOA Docs, Budget and Insurance Info
From: Ann Zabaldo (zabaldoearthlink.net)
Date: Wed, 13 Jul 2016 05:24:00 -0700 (PDT)
Tom -- whenever a loan is placed for a home here at Takomavillage our condo 
association is asked to fill out one of these quite extensive detailed 
information packets from the lender. This is very typical. 

Because we are condominium you can understand why the mortgage lender has an 
interest in the viability of the condominium. This would be the same for an HoA 
or co-op

What is a trial is that every lender has a different information packet that 
has to be filled out and they are not consistent from lender to lender.  Our 
admin team spends an inordinate time out of time filling these things out. The 
hardest questions are the ones about insurance for the condo association and 
what the insurance covers. 

Enjoy. 

Sent from my iPhone

> On Jul 11, 2016, at 10:57 PM, Thomas Lofft <tlofft [at] hotmail.com> wrote:
> 
> 
> 
> 
> 
> Have any other cohousing communities encountered this kind of an RFI (Request 
> For Information), especially recently?It is seeking copies of our condo docs, 
> although Liberty Village is not a condo.I have almost forty years experience 
> in real estate and never heard of this company or of the alleged mortgage 
> company, but that doesn't mean they don't exist, however in this booming 
> century of scam-a-minute hustles, I triple check every shark I've never been 
> bitten by before. 
> On Jul 11, 2016, at 10:10 AM, mike.pearlman [at] condotek.com wrote:
> 
> Hi,We are assisting American Federal Mortgage Corporation in the processing 
> of a loan for the purchase of 9135 Liberty Village Way Union Bridge, MD 
> 21791​. Can you assist us in acquiring the information below? We would 
> appreciate it. Lender Questionnaire - Please complete, sign and date the 
> attached lender questionnaire and return by email or fax (215) 
> 689-3122.Governing Documents - Please email a copy of the recorded 
> Declaration of Condominium, Bylaws, Rules and Regulations and Amendments 
> (condo docs.)Budget - Please email a copy of the 2016 Budget. Master 
> Insurance Agent - Please provide the contact information (email or phone) for 
> your Master Policy Insurance. Thank you for your assistance and please do not 
> hesitate to contact me (mike.pearlman [at] condotek.com) with any questions!  
> Mike Pearlman
> CONDOTEK
> 800-452-4816 ext 116
> mike.pearlman [at] condotek.com
> The weirdest thing was they submitted this RFI direct to our inquiries e-mail 
> via the community web site, not directly to any member of the BOD or HOA 
> management.Further, they did not offer any authentication by the alleged 
> lender or from any subject client party of either company.
> My Corollary RFI: Do you typically see any/many/every prospective purchase 
> lender asking for your Association budget, insurance policies, or generically 
> identifying every HOA as a condo?
> Response to everyone to broaden our collective knowledge will be appreciated, 
> but feel free to respond directly if you have harsh opinions you prefer to 
> not broadcast.
> Cheers for legal safety for all cohousing communities.Tom LofftLiberty 
> village, MD
>                                                   
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