Closing Documents

Spectrum Association Management has partnered with HomeWise to offer a more effective process for ordering and delivering resale disclosures, statement of accounts and other closing documents. Creating an account is easy and you can start utilizing the system immediately. HomeWise representatives are also available to help with any questions you may have by calling toll-free.

Purchase Documents
Get Help 1.866.925.5004
Purchase Documents
Get Help 1.866.925.5004

Resale Package

A resale package is a packet of vital information provided to those purchasing a condominium or a home in an association. The package includes a complete set of recorded documents that govern your association. The Resale Package may vary from state to state.

Each of the following documents are included in every resale package:

  • Balance Sheet
  • Articles of Incorporation
  • Budget
  • Bylaws
  • CC&Rs
  • Insurance Declaration Page
  • Resale Certificate/TREC Form

A resale package provides you financial information for the association, the governing documents or rules of the association and the certificate of insurance.

Base Price

$28000
  • 6-8 business days

Rush Order A

$37500
  • 3 business days

Rush Order B

$40000
  • 1 business day

Statement of Account
(Texas Only)

A statement of an account is a document intended to inform the title company of monies to be collected at the time of closing. Due to privacy practices, parties other than the homeowner or the title company cannot order the Statement of Account document.

The statement of account provides you detailed closing costs and account balance breakdown that will be collected at the time of closing.

Base Price

$12000
  • 6 business days

Rush Order A

$20500
  • 3 business days

Rush Order B

$23000
  • 1 business day

Disclosure Packet
(Arizona Only)

A disclosure packet provides you financial information for the association, the governing documents or rules of the association, statement of account and the certificate of insurance. In Arizona, these fees are charged at the time of closing per statutory requirements.

Each of the following documents are included in every resale package:

  • Balance Sheet
  • Articles of Incorporation
  • Budget
  • Bylaws
  • CC&Rs
  • Insurance Declaration Page
  • Resale Certificate
  • Statement of Account

Base Price

$20000
  • 10 business days

Rush Order A

$30000
  • 72 hours

What is a Questionnaire?

Lenders may require a questionnaire to be completed with information regarding your association.  Often, a custom questionnaire provided by your lender will need to be completed; however, a stock questionnaire is also available for purchase. Questionnaire orders will included the questionnaire of choice, as well as an association budget and balance sheet and the association’s certificate of insurance.

Base Price

$24500
  • 6 Business Days

Rush Order A

$29500
  • 3 Business Days

Rush Order B

$33000
  • 1 Business Days

Custom Form A

$25000
  • 6 Business Days

Custom Form B

$31000
  • 3 Business Days

Custom Form C

$34500
  • 1 Business Days

Transfer Fees

This is a fee paid by the buyer of a property at the time of closing.  It is a fee paid to Spectrum as a result of transferring the ownership from the seller to the buyer within our HOA servicing system.  It is the same regardless of association or type of property.

Texas

$17000

Arizona

$20000

Foreclosure

If the property being sold is bank owned as a result of a foreclosure action, the bank owned property packet should be ordered which typically includes the following documents:

  • Statement of Account
  • Budget
  • Current Unaudited Financial Documents
  • CCRs
  • Articles of Incorporation
  • Bylaws
  • Unit Ledger
  • Insurance Dec Page
  • W9

Bank Owned Property Packet

$30000

The Statement of Account should not be ordered if the property is in Foreclosure, as it alone does not have all required documents needed for this transaction.

Ownership Change

Your title company will send in all documents needed to have the property ownership changed over to your name. They will also include any payments that were collected at closing. We recommend waiting 7 – 10 business days from the date of your sale to allow for mailing and processing time. You may provide documentation in advance if you need gate or amenities access by emailing the documents listed below to [email protected]

Why does Spectrum need these documents?

These documents allow us to verify that the sale has already taken place. We are unable to process a change of ownership in advance of a sale. These documents provide the information that we need about the details of the sale and the contact information for the new owner.

To process a change of ownership, we must receive a copy of one or more of the following documents:

  • The HUD Statement (also known as the Final Settlement Statement)
  • The Closing Disclosure
  • The new Deed

Transfer Fees

This is a fee paid by the buyer of a property at the time of closing.  It is a fee paid to Spectrum as a result of transferring the ownership from the seller to the buyer within our HOA servicing system.  It is the same regardless of association or type of property.

Texas

$17000

Arizona

$20000

Foreclosure

If the property being sold is bank owned as a result of a foreclosure action, the bank owned property packet should be ordered which typically includes the following documents:

  • Statement of Account
  • Budget
  • Current Unaudited Financial Documents
  • CCRs
  • Articles of Incorporation
  • Bylaws
  • Unit Ledger
  • Insurance Dec Page
  • W9

Bank Owned Property Packet

$30000

The Statement of Account should not be ordered if the property is in Foreclosure, as it alone does not have all required documents needed for this transaction.

Ownership Change

Your title company will send in all documents needed to have the property ownership changed over to your name. They will also include any payments that were collected at closing. We recommend waiting 7 – 10 business days from the date of your sale to allow for mailing and processing time. You may provide documentation in advance if you need gate or amenities access by emailing the documents listed below to [email protected]

Why does Spectrum need these documents?

These documents allow us to verify that the sale has already taken place. We are unable to process a change of ownership in advance of a sale. These documents provide the information that we need about the details of the sale and the contact information for the new owner.

To process a change of ownership, we must receive a copy of one or more of the following documents:

  • The HUD Statement (also known as the Final Settlement Statement)
  • The Closing Disclosure
  • The new Deed