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Paid Assessment Letter Request for a Sale

Paid Assessment Letter Request for a Refinance

Certificate of Insurance may be obtained by contacting
Community Association Underwriters  1-800-228-1930
http://www.cauinsure.com/

Sales: ALL owners must notify the Association of their intent to sell 30 days in advance of the intended sale date. The Association will provide you with a Paid Assessment Letter which you will need to present to the title company to clear your title of any liens for unpaid Association dues.

Service Charge: The Management Company reserves the right to charge homeowners a processing fee for all sales, leases, and requests for refinancing. Additional charges apply for less than a 30-day notice of sale.

Information for Prospective Purchases

In accordance with Section 22.1 (g) of the Illinois Condominium Property Act, the Unit Owner is responsible for making the following information available for inspection by a prospective purchaser, upon demand. The Association (or its Managing Agent) will furnish such information to any Unit Owner submitting a written request, within thirty (30) days of receiving the request.

A copy of the Declaration, Bylaws, and Rules & Regulations

A statement of any liens, including a statement of the account of the unit setting forth the amounts of unpaid assessments and other charges due and owing

A statement of any capital expenditures anticipated by the Association within the current or succeeding two (2) fiscal years

A statement of the status and amount of any reserve funds and any portion of such fund earmarked by the Board for any specified project.

A copy of the statement of financial condition of the Association for the last fiscal year for which such a statement is available.

A statement of the status of any pending suits or judgments in which the Association is a party

A statement setting forth what insurance coverage is provided for all Unit Owners by the Association.

A statement that any improvements or alterations made to the unit by the current unit owner are in good faith and believed to be in compliance with the Association's Declaration.

Fees. The Association will charge a fee for the cost of this service. However, in the event a request is made that requires this information to be provided in less than the thirty (30) day period provided by statute, the Association will charge the Unit Owner an additional fee.

Information for the Association

Attorneys. In the event of a contract for the sale of a unit, the seller is responsible for notifying the Association (or its Managing Agent) of the names, addresses, telephone and fax numbers for any attorneys who may be requesting information on behalf of the seller or purchaser.

Closing. The Association must be notified by the seller (or the seller's attorney) of the closing date and the name(s) of the new Unit Owner(s).

Lock boxes are not allowed.

Owner Information - fill in form

Condominium Questionnaire
We offer our own warranty letter for this property. If this is not sufficient
there will be a $75.00 fee for the completion of your form and $150.00 if we received after the 1 week deadline and payable in advance. Condominium Questionnaires and 22.1 Disclosure Forms will be prepared in the order they are received.  Requests must be made in writing with a minimum of one week advance notice. You may send your form along with payment in certified funds or personal check to:

American Community Management, Inc.


1908 Wright Blvd.
Schaumburg, IL 60193

 

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