WHAT IS THE PAID ASSESSMENT LETTER OR PAL?
November 2, 2018WHAT IF THE HOME APPRAISES FOR LESS THAN THE PURCHASE PRICE?
November 2, 2018We agree. In the past few years many associations have hired management companies that outsource the production of paid assessment letters and 22.1 disclosure documents. These management companies often charge extraordinary fees to produce very simple documents in an effort to make more money. Unfortunately, there is nothing our office can do about this – it was a decision your specific association made when they hired or outsourced to that company. We suggest you bring it up to the Board so at least it does not happen to future sellers.