Things Your Closing Agent Will Do To Prepare For Closing Day

That day, the day you have been waiting for - Closing Day. Your closing day – the day you meet with the seller, your real estate agents, title or escrow agents, mortgage broker and any other party involved in the transaction – is the day you officially own your home.

There are several factors involved in this process as you complete the process and sign on the dotted line. When buyers look at condos or homes in a HOA, their first question is often how much are the association fees. 

One of the first critical steps after your transaction is opened by the escrow officer is obtaining a complete package of Homeowners Association (HOA) documents for the Buyer’s review.  Bylaws and CC&Rs are written into the deed of your house and are provided to the buyer at closing. You will also need the extra funds to cover HOA Transfer fees (if applicable) and any upfront dues and assessments.

Here are just a few things the closing agent will do to obtain the information for your closing.

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ASSOCIATION MANAGEMENT GROUP CEO PAUL MENGERT ELECTED TO CHAIR HOA LEGISLATIVE ACTION COMMITTEE

 Paul Mengert, Founder and CEO of Association Management Group, was recently elected to chair the NC chapter of Community Associations Institute’s Legislative Action Committee. The NC LAC’s goal is to work for legislative solutions that benefit HOAs.

FOR IMMEDIATE RELEASE:  October 28, 2016

CONTACT:     Paul Mengert, PCAM   AMG

Pmengert@amgworld.com 

www.amgworld.com 

 

ASSOCIATION MANAGEMENT GROUP CEO PAUL MENGERT

ELECTED TO CHAIR HOA LEGISLATIVE ACTION COMMITTEE

Mengert Brings Vision, 30+ Years of Experience

as Advocate for North Carolina Homeowners

(CHARLOTTE, NC) -- Paul K. Mengert, founder and CEO of Association Management Group, one of the Carolinas’ largest professional homeowner association managers, has been elected chair of the Community Associations Institute’s (CAI) NC Legislative Action Committee. Mengert was voted in by his NC CAI chapter peers and will serve a two-year term.

An important part of this grassroots organization is to monitor and share information about legislation that may affect communities, Mengert noted. “Our job is to work toward legislative solutions that are right for homeowners and their associations,” Mengert said.  “Surveys of community members indicate they do not want additional government regulation, preferring for the elected leaders of each community to make decisions for their neighborhood. It’s an honor to chair this committee and work in the best interest of community members and their associations.” 

The NC CAI serves the educational, business and networking needs of community associations, and works to preserve, protect and enhance community associations across the state. One of the largest CAI chapters in the country with more than 850 members, NC LAC is composed of condominium, cooperative and homeowner association members, leaders, managers and industry professionals.

NC LAC has been a vital partner with State legislators, working with them to formulate the North Carolina Planned Community Act (State Statute 47F) to provide reasonable protections to homeowners, and other laws relating to community associations.

Community Associations Institute is the national association serving community associations nationwide and internationally. CAI provides education and tools to community volunteer leaders and board members as well as industry professionals, with the end goal of creating successful, harmonious neighborhoods.

About AMG:  AMG is a professional community association management company dedicated to building effective community associations. AMG guides and assists executive boards to help protect the association's interests, enhance the lives of community members and improve the property values in the community. With offices throughout the Carolinas in Greensboro, Winston-Salem, Charlotte and Raleigh, NC, and Greenville and Aiken, SC, AMG is a knowledgeable partner in enforcing community governing documents with a proven set of processes and techniques, and supporting communities with a broad range of services which can be tailored to individual community needs. Association Management Group, Inc. is a locally Accredited Business by the BBB and is a nationally Accredited Association Management Company (AAMC) by the Community Associations Institute. For more about AMG, visit www.amgworld.com.