Welcome New Members

This section of our website is devoted to our newest members (or soon-to-be newest members) and those that are leaving our community.

 For those new to the Mountain Glen community, the association’s board would like to be the first to welcome you.  We hope you’ve had the opportunity to explore the community, which consist of wetlands, several common areas, and nine (9) streets:

• Jon Page Court

• Pinkerton Place

• Mountain Glen Parkway

• Park Green Way

• Nature Trail Road

• Scenic Place

• Park Tree Place

• Dawson Mill Court

• Renay Court

Before deciding to purchase your new home within the Mountain Glen community, you should have received what is known as a ‘Resale Certificate.’ A HOA Resale Certificate formally known as a ‘Property Resale Disclosure Packet,’ is a package of crucial documents provided through the Association’s management company. These documents provide essential information about a property’s standing within a homeowners’ association (HOA or Association), including financial obligations and the Association's overall health.

Purpose of the HOA Resale Certificate

The HOA Resale Certificate serves several important functions in real estate transactions involving properties within a common interest community. These transactions include the following:

• Transparency: It offers a clear snapshot of the property's relationship with the Association, ensuring that both the buyer(s) and seller(s) are aware of any financial obligations or issues related to the real estate property.

• Protection for Buyer(s): The packet of information potential buyers about the current owner's financial standing with the Association, including any unpaid member assessments (aka dues) or violations. This helps avoid unexpected financial burdens after the purchase.

• Protection for Sellers: It allows sellers to disclose their financial position with the Association, minimizing the risk of future disputes related to undisclosed information.

• Financial Health of the HOA: The packet of information provides insight into the Association’s financial stability, including details about the Association’s financial business operating budget, reserve account funding, liability and officers’ insurance coverage, etc., that could affect the community's financial standing.

Key Information Included

A Resale Certificate typically contains the following information:

• Current Dues: Details about the Association’s annual assessments (dues) and any special assessments that may be pending.

• Financial Status: Information regarding the Association’s annual budget, reserve funds, and any outstanding debts associated with the property.

• Pending Violations: Any existing violations related to the property that the new owner may inherit.

• Governing Documents & Minutes of Meetings: Copies of the Association’s bylaws, rules, and regulations that dictate property use and homeowner responsibilities.

• Approved Meeting: Minutes of the most recent previously held open membership meetings

• Contact Information: Details for the Association’s management company, community manager, and Board members for any future inquiries.

Conclusion

In summary, the HOA Resale Certificate is a vital document in real estate transactions within the Association’s governed communities. It ensures transparency and protects the interests of both buyers and sellers by providing essential information about the property and the Association's financial health. To obtain a Resale Certificate, you may contact the Association's community manager, Yasmeen Goodwin-Rivera at 877-252-3327 | www.mycmg.com