Profile picture for user607834

Am I responsible for assessments if my HOA forgot to disclose them to my title company?

I purchased my condo about a month ago, and just received a notice from my HOA that I have to pay a special assessment from June (for earthquake insurance).  I called my title company, and they checked and said that the HOA had never disclosed it.  After checking with the HOA, they said that had forgotten to add it.  
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 04 2013 - Seattle
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (6)

You should have been provided a resale certificate after your offer got accepted.  Did you get a chance to review that to see if the special assessments were mentioned in there?  

Depending on how your Purchase & Sale Agreement is written, there is a line item that specifically refers to how charges/assessments due after closing are to be handled.  

Your buyer's agent should be able to help you address this issue as well.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 20 2013

Unfortunately you are still responsible for the assessment.  However, I would recommend calling the HOA again and ask if they will give you some kind of break because of their mistake.  Good Luck!

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 04 2013
At the end of the day, you are responsible to pay irrespective of who is at fault!! What you can do and it might be a futile exercise is go after the HOA management, since they did not fully disclose all pertinent facts. Or at the least get a couple months of dues from them!!?? Good Luck! 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 04 2013
Yes, I think you are.

To turn things around, if a new buyer comes into the HOA and isn't informed of the special assessment, do you and the other owners want to pick up their share?

It's real, and it's a benefit. I think you should pay it.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 04 2013
It sounds like the fault is on the part of the HOA - it is their responsibility to inform the purchaser of how much your fees are, if there are any assessments or even if there is any pending litigation.

Depending on how much the assessment is, it could be a big deal that they failed to disclose this information.  You should go after the HOA and, at minimum, get an explanation.  However, failing to pay is kind of like cutting off your nose to spite your face - it's still your HOA and not some anonymous 3rd party attempting to collect fees.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 04 2013
Talk to the title agent that closed the file and discuss with them. It's possible the HOA is out of luck for their mistake.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 04 2013
 
Related Questions
When to buy a condo in Seattle?
Profile picture for morga3
Latest answer by morga3
1 day ago | 9 answers
Would you please provide me the latest updated real estate information in the University District ?
Profile picture for Kellie Springfield
Latest answer by Kellie Springfield
2 days ago | 4 answers
Realistic Expectations - home purchase in Seattle
Profile picture for John Iglesias
Latest answer by John Iglesias
June 25 | 13 answers
Can I personally meet with the seller's agent?
Profile picture for Kary L. Krismer
Latest answer by Kary L. Krismer
June 21 | 21 answers
Homeowners Insurance
Profile picture for zuser20140619131752384
Latest answer by zuser20140619131752384
June 19 | 6 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 8533 17th Ave NW, Seattle, WA Home For Sale
    8533 17th Ave NW, Seattle, WA 98117

     For Sale: $447,000

    • Beds: 3
    • Sqft: 1250
    • Baths: 2.0
    • Lot: 4000
  2. 1220 SW 166th St, Burien, WA Home For Sale
    1220 SW 166th St, Burien, WA 98166

     For Sale: $375,000

    • Beds: 3
    • Sqft: 1920
    • Baths: 2.0
    • Lot: 8775
  3. 3732 S 253rd Pl, Kent, WA Home For Sale
    3732 S 253rd Pl, Kent, WA 98032

     For Sale: $320,000

    • Beds: 4
    • Sqft: 2190
    • Baths: 2.0
    • Lot: 9020