Typically, every time a buyer applies for a mortgage, the lender has the Condo association fill out something called the “condo questionnaire”. This is provided from the Lender and varies in form. The lender will need to send this to our attention at info@blackwellnelson.com .
Association Documents.
This will include the Condominium documents, pending litigation letter (if applicable) and a copy of the Association balance sheet and approved budget (upon request).
Association Insurance Carrier Name and Contact.
If you are a condominium unit owner or purchasing a condominium, you may be asked to provide a condominium certificate of insurance or proof of master insurance. This certificate is a document that shows a summary of coverage limits, insurance carriers that insures the condominium association, and policy effective & expiration dates. Because the Master Policy will not cover your personal liability or your contents, we recommend that you purchase a Condominium owners policy.
Termite Company Provider.
This varies by property. In instances where an Association has a contract or a bond with a single company, BNC will provide the name of the company and contact information. NOTE: Each homeowner or their respective attorney or agent is responsible for arranging the Termite Bond Transfer and Wood Infestation Report directly with the provider. BNC cannot facilitate this aspect and can only provide contact information.
