Estoppel Information
VIHA had previously been providing these Estoppel Letters at no cost; however, the VIHA will now be charging a fee of $299.00 for each Estoppel Letter, consistent with the fee that other homeowners associations are charging. This fee would be paid by the seller of the property and including on the closing statement prepared by the title company. Estoppel fees can be paid either via Paypal or Zelle.
Before a home sale closes in a community with a homeowners association, the HOA must provide an estoppel letter. For this transaction, the VIHA must certify specific details, most notably: (1) whether association membership is mandatory or voluntary, and (2) whether there are any outstanding Deed Restriction (DR) violations.
Before a home sale closes in a community with a homeowners association, the HOA must provide an estoppel letter. For this transaction, the VIHA must certify specific details, most notably: (1) whether association membership is mandatory or voluntary, and (2) whether there are any outstanding Deed Restriction (DR) violations.
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Paypal:
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Estoppel Information for Property Sales: Title Companies, Lenders, Law Firms and Realtors
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