BULLETIN NO: 2024-08<\/p>\n
=e<\/p>\n
Village de Laguna Woods<\/p>\n
BULLETIN DATE | March 13, 2024<\/p>\n
Pamela Bashline<\/p>\n
ISSUED BY<\/p>\n
INFORMATION BULLETIN<\/p>\n
Community Services Manager<\/p>\n
MUTUEL<\/p>\n
Mutuelle United Laguna Woods<\/p>\n
Community Services Division<\/p>\n
AUTHORITY<\/p>\n
Resolution 01-24-28<\/p>\n
ADOPTED DATE | March 12, 2024<\/p>\n
SUBJECTS: United Resale Inspection Fee Increases \u2014 Effective March 14, 2024<\/p>\n
NEWSFLASH \u2014- EFFECTIVE MARCH 14, 2024<\/p>\n
On March 12, 2024, the United Laguna Woods Mutual board of directors approved to increase its<\/p>\n
resale inspection fees. Resale inspection fees have not been increased since 2007 (Third) and<\/p>\n
2008 (United). An analysis revealed that a portion of the costs associated with the resale<\/p>\n
inspection process is not recovered from the requesting member; an increase in fees would serve<\/p>\n
to recover more of the administrative costs associated with the transactions.<\/p>\n
The new fees are as follows:<\/p>\n
First Inspection<\/p>\n
$360<\/p>\n
$60<\/p>\n
Reinspection (if required)<\/p>\n
Final Inspection (if required)<\/p>\n
$110<\/p>\n
No fee will be charged for a final inspection if, after the first inspection, there are no corrections or<\/p>\n
deficiencies discovered for the member to complete prior to the close of escrow.<\/p>\n
When a progress inspection is requested or when a request for a final inspection fails, the<\/p>\n
member will be charged the $60 reinspection fee. In other words, if the member doesn\u2019t show for<\/p>\n
the first or final inspection and\/or if a correction is not completed when the inspector arrives for the<\/p>\n
final inspection, the reinspection fee will be charged.<\/p>\n
The first inspection fee will be billed as a chargeable service to the seller upon completion of the<\/p>\n
first inspection, and the reinspection and final inspection fees will be collected through escrow<\/p>\n
upon closing.<\/p>\n
Any resale packets received after today will incur the new fees. These increased fees will<\/p>\n
affect pages 5, 8 and 12 of the resale package. Once details are finalized, we will notify you.<\/p>\n
Realtors and escrow officers must inform their staff and clients of these guidelines.<\/p>\n
Important: Please refer to the website for the most current documents. The location for all mutual<\/p>\n
policies may change with the completion of the redesigned website.<\/p>\n
Email alterations@vmsinc.org with questions about the new fees. Thank you.<\/p>","protected":false},"author":2,"featured_media":0,"template":"","document_category":[1227],"document_type":[53],"class_list":["post-49974","document","type-document","status-publish","hentry","document_category-realtor-info-bulletins","document_type-other"],"acf":{"document":47810,"resolutions":null,"legacy_id":"9283","pdf_extracted_text":""},"yoast_head":"\n