BERKELEY REALTY PROPERTY MANAGEMENT, INC. 150 STRAWBERRY PLAINS RD. SUITE A1 WILLIAMSBURG, VA 23188-3408
RESALE PROCESSING DEPARTMENT PHONE: (757) 229-6810 FAX: (757) 229-8208
Resale Disclosure Statement
Powhatan Secondary Community Services Association, Inc. PLEASE REFER TO PAGE 2 FOR COMPLETE ESCROW INSTRUCTIONS AND DETAILS Order #: N61-109332 Statement Date: 3/1/2012
Property Address: 4532 Beacon Hill Order Date: 2/29/2012 1:08:01PM
Escrow #: n/a #: Owner / Seller: bank of america
Requested By: Rob White Phone #: 757-220-1967
Closing Date: 3/6/2012 12:00:00AM
Fax #: 1-888-647-6523
Buyer's Name: Hearne
Contact Name: Tee Matthews
Buyer's Address: 5350 Discovery Park Blvd
Contact Phone: 757-645-2166
City/State/Zip: Williamsburg va 23188
Contact Email: tjmatthews@lytletitle.com
Buyer's Phone #: 757-291-9201
FEES DUE TO BERKELEY REALTY PROPERTY MANAGEMENT, INC. Processing Fee
Order #
N61-109332
$225.00
Expedite Fee
Delivery Fee
$50.00
Convenience Fee
$0.00
Tax
$0.00
Amount Due
$0.00
Amount Paid
$275.00
$0.00
Balance
$275.00
Buyer's Post-Closing Transfer Fee
$50.00
Other Fees
$0.00
Total Due
$325.00
Please reference ALL order number(s) from above on all checks you issue.
ALL FEES/AMOUNTS PAYABLE AT CLOSING Mail all payments to:
Berkeley Realty Property Management, Inc. 150 Strawberry Plains Rd. Suite A1 Williamsburg, VA 23188-3408
PLEASE PROVIDE SEPARATE CHECKS FOR AMOUNTS BELOW:
路
Please collect $325.00 for above noted fees.
MAKE CHECK PAYABLE TO: Berkeley Realty Property Management, Inc. 路
Please collect $966.77 for Association fees. (See page 2 for Comments & Fee Details)
MAKE CHECK PAYABLE TO: Powhatan Secondary Community Services Association, Inc. Please provide Berkeley Realty Property Management, Inc. a copy of:
-
HUD-1 or detailed Settlement Agreement to ensure accurate transfer of ownership
This information is being provided by Berkeley Realty Property Management, Inc. as a courtesy service to lenders and other real estate professionals. Although Berkeley Realty Property Management, Inc. believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Berkeley Realty Property Management, Inc. is not responsible for any inaccurate or omitted information.
3/1/2012
Portions Copyright 漏 2010 Community Archives (Order # N61-109332)
Page 1 of 6
BERKELEY REALTY PROPERTY MANAGEMENT, INC. 150 STRAWBERRY PLAINS RD. SUITE A1 WILLIAMSBURG, VA 23188-3408
RESALE PROCESSING DEPARTMENT PHONE: (757) 229-6810 FAX: (757) 229-8208
Resale Disclosure Statement
Powhatan Secondary Community Services Association, Inc.
FEES DUE TO ASSOCIATION
ADDITIONAL COMMENTS
ASSESSMENTS PAID THROUGH: Current Balance
$766.77
Association Initial Assessment
$0.00
Working Capital Contribution
$0.00
Reserve Contribution
$200.00
Legal Fees
$0.00
Buyer’s Advanced Assessments
$0.00
Other Fees
$0.00
Other Fees
$0.00
Other Fees
$0.00
TOTAL DUE: $966.77 Association Assessments The Property Assessments is: $180.00
Assessments are paid: Annual
The Late Fee is: $25.00
Assessments are due on the: January 1st
Late Fee Interest is: 18% perAnnum
Assessments are past due on the: 30 Days
Is there an Initial Fee?
Yes þ
If so, how is Initial Fee determined / calculated?
$200.00
Other Fees / Assessment amount?
$0.00
No o
Purpose of Other Fees / Assessment? Pool Membership - Serperate Charge
Amount of any active Special Assessments?
$0.00
Purpose of Special Assessment? N/A FINANCIAL INFORMATION
Expenditure of funds, if any, approved by the Association which shall require an assessment in addition to the regular assessment during the current or immediately succeeding fiscal year? None
This information is being provided by Berkeley Realty Property Management, Inc. as a courtesy service to lenders and other real estate professionals. Although Berkeley Realty Property Management, Inc. believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Berkeley Realty Property Management, Inc. is not responsible for any inaccurate or omitted information.
3/1/2012
Portions Copyright © 2010 Community Archives (Order # N61-109332)
Page 2 of 6
BERKELEY REALTY PROPERTY MANAGEMENT, INC. 150 STRAWBERRY PLAINS RD. SUITE A1 WILLIAMSBURG, VA 23188-3408
RESALE PROCESSING DEPARTMENT PHONE: (757) 229-6810 FAX: (757) 229-8208
Resale Disclosure Statement
Powhatan Secondary Community Services Association, Inc. Status and amount of any reserve or replacement fund and any portion of the fund designated for any specified project by the executive organ? $185,128 - No replacement of capital items planned in 2011 Are there any other entities or facilities to which the unit owners may be liable for fees or other charges? If so, explain. Clubhouse Rental If there is an Association loan, what is the loan balance?
38,000.00
Is there an active leasehold that effects the association/condominium? If so, what is the nature of the leasehold; what is the remaining term of said leasehold; what are the provisions governing any extension or renewal thereof. No If a Unit/Home is acquired through foreclosure is mortgage company responsible for Association Assessments? If so, explain? Yes, only from when title was taken back. LEGAL INFORMATION
Does the Association hold the Right of First Refusal on this property transaction? If so, explain the process for obtaining a waiver and are first mortgage lenders Exempt? No Do the legal documents provide for architectural and/or landscaping controls and approval?
Yes þ
No o
Do the governing documents specifically allow the Association to foreclose on an owner’s property for failure to pay Assessments? Are there any liens against this specific Property? If so, explain?
Yes þ
No o
Yes o
No þ
Yes o
No o
No
Is the Association involved with any litigation with this specific Association Member? If so, explain? No Are there any active judgments against the Association? If so, explain? No
The nature and status of any pending lawsuits or unpaid judgments to which the unit owners' association is a party which either could or would have a material impact on the association or the unit owners/members, or which relates to the unit/lot being purchased? None Do the legal documents provide for mandatory mediation or arbitration? CONDO ACT INFORMATION (VIRGINIA PROPERTIES ONLY)
Is any portion of the condominium association located within a development subject to the Property Owner's Association Act (Section 55-508 et seq.) of Chapter 26 of Title 55?
N/A þ
This information is being provided by Berkeley Realty Property Management, Inc. as a courtesy service to lenders and other real estate professionals. Although Berkeley Realty Property Management, Inc. believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Berkeley Realty Property Management, Inc. is not responsible for any inaccurate or omitted information.
3/1/2012
Portions Copyright © 2010 Community Archives (Order # N61-109332)
Page 3 of 6
BERKELEY REALTY PROPERTY MANAGEMENT, INC. 150 STRAWBERRY PLAINS RD. SUITE A1 WILLIAMSBURG, VA 23188-3408
RESALE PROCESSING DEPARTMENT PHONE: (757) 229-6810 FAX: (757) 229-8208
Resale Disclosure Statement
Powhatan Secondary Community Services Association, Inc. Has the Association filed the Annual Report with the Virginia Common Interest Community Board?
Yes þ
No o
Yes o
No þ
The Association is incorporated under the laws of the Commonwealth of Virginia. The name and address of the Registered Agent is: COVENANT COMPLIANCE INFORMATION
Has the Unit/Home been specifically inspected for compliance with covenants in conjunction with this inquiry?
A description of any conditions on the owner's property, or limited common area assigned thereto that the Association has actual knowledge are in violation of the Covenants/Restrictions, Bylaws or Rules applying to the subdivision/condominium: Property Inspections/violations noted at time of request for disclosure packets. Has notice been received from any governmental authority concerning any health or building code issues with respect to the unit, the limited common elements assigned to the unit, or any other portion of the condominium? If so, explain? None on record. GENERAL INFORMATION
What County is Association located in?
James City County
Type of Association/Community?
Homeowners Association
If Sub or Master Association, explain?
Master Association
Date of Association Fiscal Year End?
December 31st
Is Unit/Home held in Fee Simple?
Yes þ
Limitation on the number of persons who may occupy a unit as a dwelling?
County Code
Is the project an Assisted Living Community? If so, what services are provided? If condominium, number of Units owned by Developer?
No
No o
N/A
Is renting/leasing permitted? If so, what restrictions exist?
Are pets permitted? If so, are there any restrictions? Yes
Is street parking permitted? If so, are there any restrictions? Subject to State Law
Is there a key to common areas? If so, is there a deposit/amount? N/A
This information is being provided by Berkeley Realty Property Management, Inc. as a courtesy service to lenders and other real estate professionals. Although Berkeley Realty Property Management, Inc. believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Berkeley Realty Property Management, Inc. is not responsible for any inaccurate or omitted information.
3/1/2012
Portions Copyright © 2010 Community Archives (Order # N61-109332)
Page 4 of 6
BERKELEY REALTY PROPERTY MANAGEMENT, INC. 150 STRAWBERRY PLAINS RD. SUITE A1 WILLIAMSBURG, VA 23188-3408
RESALE PROCESSING DEPARTMENT PHONE: (757) 229-6810 FAX: (757) 229-8208
Resale Disclosure Statement
Powhatan Secondary Community Services Association, Inc. Is RV/Boat storage permitted? If so, are there any restrictions? 3 Day limit for certain vehicles
What areas of the community is the owner responsible to maintain other than their Unit/Home/Lot? None SIGNS AND FLAGPOLES (VIRGINIA PROPERTIES ONLY)
Are there any restrictions, limitations, or prohibition on the right of a lot owner to place a sign on the owner's lot advertising the lot for sale? For Sale or For Rent signs limited to standard signs not more than 4 sq. ft. in size. Are there any restrictions, limitations or prohibition on the right of a unit owner to display the flag of the United States, including, but not limited to reasonable restrictions as to the size, time, place and manner of placement or display of such flag? No INSURANCE INFORMATION
Insurer's Name?
Continental Casualty Co.
Contact Information?
Towne Insurance
Phone Number?
757-229-5757
The amount of Fidelity Bond Coverage?
$50,000.00
The amount of coverage for Directors and Officers?
$1,000,000.00
Are any Common Area structures located in a Special Flood Hazard Area?
Yes o
Amount of General Liability Insurance?
$1,000,000.00
Amount of Property Insurance coverage?
$398,000.00
Minimum number of days required for written notification to be given to association or insurance trustee before any substantial changes or cancellation of the insurance coverage?
10 Days
No Ăž
What additional insurance coverage would normally be secured by each individual unit/homeowner in an association? Typical Homeowners Insurance Other insurance information?
MANAGEMENT COMPANY INFORMATION
Berkeley Realty Property Management, Inc 150 Strawberry Plains Rd, Ste A-1 Williamsburg, VA 23188 Phone (757) 229-6810 Fax (757) 229-8208 This information is being provided by Berkeley Realty Property Management, Inc. as a courtesy service to lenders and other real estate professionals. Although Berkeley Realty Property Management, Inc. believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Berkeley Realty Property Management, Inc. is not responsible for any inaccurate or omitted information.
3/1/2012
Portions Copyright Š 2010 Community Archives (Order # N61-109332)
Page 5 of 6
BERKELEY REALTY PROPERTY MANAGEMENT, INC. 150 STRAWBERRY PLAINS RD. SUITE A1 WILLIAMSBURG, VA 23188-3408
RESALE PROCESSING DEPARTMENT PHONE: (757) 229-6810 FAX: (757) 229-8208
Resale Disclosure Statement
Powhatan Secondary Community Services Association, Inc. I hereby certify that the above information is true and correct to the best of my knowledge and belief.
Kris MacKenzie
3/1/2012
Signature of person completing form and date completed
Statement Date
This information is being provided by Berkeley Realty Property Management, Inc. as a courtesy service to lenders and other real estate professionals. Although Berkeley Realty Property Management, Inc. believes the information provided to be complete and accurate, the requesting party understands and acknowledges that this information is subject to change without notice and that Berkeley Realty Property Management, Inc. is not responsible for any inaccurate or omitted information.
3/1/2012
Portions Copyright Š 2010 Community Archives (Order # N61-109332)
Page 6 of 6