221 Disclosure Form Pdf
UHC Form 221 Rev. Homebuyer Disclosure form. I authorize the Lender to make a request to reserve the Veteran Grant funds as described above.
Court Forms Important: Fillable PDF forms must be saved to your computer and completed in. Paper forms can be obtained from any District Court or Superior Court clerk's office. Many paper forms are free.
There is a $5.00 charge for some forms, such as a Summons, that require the Clerk's signature and Court seal. For common kinds of cases such as divorce, protection from abuse, and small claims, the District Court clerks have packets of the necessary forms. • • • • • • • • • • • • • • • • • • • • • • • • • • Maine Judicial Information System (MEJIS) Attorney Information Form and other vendor forms are available at this link: Business and Consumer Court Forms • • (Please note form BCD-002 is used by Judges only.
Preparing an Accurate Section 22.1 Disclosure- (no one said it would be easy..) Section 22.1 of the Illinois Condominium Property Act is the relevant provision regarding the necessary resale disclosures that must be provided to prospective buyers of condominium units in an association. This article focuses on some of the more difficult questions or challenges that can arise when the board or managing agent completes the several provisions of the Sec. 22.1 disclosure. What follows is an analysis of the several categories of disclosures mandated by Sec. 22.1 of the Act.
22.1(a)(1) - “A copy of the Declaration, by‑laws, other condominium instruments and any rules and regulations.” One must remember that the “condominium instruments” include more than just the declaration. The association should also produce all substantive amendments to the declaration as well as any board rules. Imagine the controversy that could arise if an investor buyer moves in its tenant after closing, only to discover that a declaration amendment exists which restricts leasing in the building. Assuming it was the association (and not the seller) that produced an incomplete set of the governing documents, this buyer could argue that because it relied on the inaccurate disclosure, the association waived it right to enforce the leasing restriction as to the subject unit.
Based on the foregoing, all parties to the transaction must make sure that they have the full universe of association governing documents. Chertezhi proektov kafe. 22.1(a)(2)- “A statement of any liens, including a statement of the account of the unit” All unpaid assessments, fines or other charges on an owner’s ledger are a continuing lien against the unit. That means if the former owner does not pay all delinquent assessments before the sale, the buyer would be on the hook for payment after closing. Accordingly, this section of the 22.1 disclosure must be closely scrutinized at the closing table. There is sometimes confusion if there is a special assessment balance on the unit ledger that is subject to a payment plan.
In this instance, the 22.1 disclosure should clearly state not just the monthly charge per the payment plan, but fully disclose the remaining balance (or payoff amount) of the special assessment. Otherwise, and if the special assessment is not paid off at closing, the buyer may not realize until after closing that he/she has assumed this continuing financial obligation. An accurate disclosure is also very important for bank-owned condominium units. 9(g) of the Act, the REO buyer may be obligated to pay up to six months of pre-foreclosure assessments and attorneys’ fees. It is the writer’s experience that the association sometimes mistakenly omits this buyer financial obligation from the 22.1 disclosure, and only later provides this calculation on the paid assessment letter. Given that the paid assessment letter is typically not provided until the eve of closing, this can create angst at the closing table. 22.1(a)(3) – “A statement of any capital expenditures anticipated by the unit owner's association within the current or succeeding two fiscal years.” If an association is readying a major repair project and an associated special assessment, this may have a major impact on a pending real estate transaction.