NOTE: This communication was sent by CAMS on behalf of Sea Trail Master Association, Inc.
Dear Community Members,
We have received questions about the fees associated with real estate transactions in our community and would like to provide clarity on this matter.
When a property changes hands, our management company is required to provide specific documentation and services to the closing attorney and/or other parties to the transaction to facilitate the closing and/or resale process. These services are listed on the attached informational Real Estate Disclosure – Resale Disclosure Services.
These services require dedicated staff time, resources, and specialized expertise. It is common practice for management companies to utilize third-party services like HomewiseⓇ or Community Archives to handle requests for closing documents. This differs from when these functions were handled in-house during the self-managed period
of our community. Using specialized third parties helps ensure accuracy and reduces liability risks associated with providing incorrect information to closing attorneys. The fees will vary depending on which services are requested, ranging from $200 to $400+ (if expedited services are requested). The proration of fees is determined by the closing attorney as part of the settlement calculations. The charging of such fees is standard within the property management industry as they are compensation for required professional services.
If you have specific questions about these fees, please contact our office directly.
Sincerely,
Janine
Entwistle, MBA, CMCA®,
AMS®, PCAM®
General Manager –
Sea Trail Master Association
CAMS (Community
Association Management Services), AAMC®
Direct
910-579-5374 | CAMS 877-672-2267
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Sea Trail Master Association, Inc.
Sea Trail Master Association, Inc. is Professionally Managed By CAMS.
(877) 672-2267 | (910) 454-8787 | www.camsmgt.com