Re: Weird RFI seeking copies of our HOA Docs, Budget and Insurance Info
From: Ann Zabaldo (
Date: Wed, 13 Jul 2016 10:36:20 -0700 (PDT)
Mary and all —

Unless you know otherwise I would think that submitting a budget w/ the figures 
blacked out would defeat the purpose of asking for the budget.

A lender wants to know:

1.      Does your HoA have a balance budget?
2.      Are you funding your reserves?  
3.      Do you have enough in reserves?
4.      Does the HoA have any outstanding debts?
5.      Are all homeowners paid up to date in their HoA dues
6.      Does the HoA have any liens?
7.      Does the HoA have any liens against members?
8.      What property is owned and maintained in common?
9.      What are your income streams?
10.     Who’s on first? Just kidding about this one …

These are just a few of the answers that can be gleaned from a budget.  
Blacking out the figures will not provide the answers needed by the mortgager. 

Best --

Ann Zabaldo
Takoma Village Cohousing
Washington, DC
Principal, Cohousing Collaborative, LLC
Falls Church, VA

My password is the last 5 digits of Pi …

> On Jul 13, 2016, at 11:25 AM, Mary Baker, Solid Communications <mary [at] 
>> wrote:
> I went directly to It’s an information/technology business 
> specializing in providing exactly these kind of packets. They’re probably 
> looking for several different templates to work from to create something 
> standard, which would be a positive thing for the cohousing information, yes?
> I would respond to him and ask if that’s the case. (He should have been more 
> professional about it in the first place, his abrupt email sounds a little 
> entitled.)
> I think it would be all right to send him the formation docs, but if you’re 
> going to send your budget, I would black out or delete the actual figures. 
> Same for insurance, just send the face page (figures blacked) so he can see 
> what type of policy you have and the carrier—that’s useful information for a 
> company like this because they may want to compile a list of recommended 
> carriers and products.
> 2 cents,
> Mary
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