BULLETIN NO: 2024-24<\/p>\n
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December 2, 2024<\/p>\n
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Internal<\/p>\n
EFFECTIVE DATE | January 1, 2025<\/p>\n
SUBJECT: Revised United Resale Package Dated January 1, 2025<\/p>\n
NEWSFLASH – RESALE PACKET REVISIONS – EFFECTIVE JANUARY 1, 2025<\/p>\n
United Mutual\u2019s resale package has been updated with a date of 1\/1\/2025 and will not be<\/p>\n
posted on the website until close of business 12\/31\/2024. The revisions affect the following pages<\/p>\n
as noted below:<\/p>\n
Page 1 \u2014 The membership counselor email address at the bottom of the page was changed from<\/p>\n
resalesrequirements@vmesinc.org to salesrequirements@vmsinc.org.<\/p>\n
Page 2 \u2014 The Table of Contents was revised to reflect new date of the Annual Insurance<\/p>\n
Disclosure and Policy Summary from 2023 to 2024.<\/p>\n
Page 6 \u2014 The Escrow Documentation Checklist was revised as follows:<\/p>\n
LJ<\/p>\n
At the bottom of the page, the first sentence under No. 3 was rewritten as: \u201cAll<\/p>\n
Resident ID cards must be collected from seller and brought to Community Services<\/p>\n
with the complete Resale Packet or before requesting the final demand to avoid the<\/p>\n
non-refundable $125 charge for each card not returned.\u201d<\/p>\n
Under No. 4, the following sentence was revised to: \u201cAllow 21 or more business<\/p>\n
days to obtain board approval after receipt by this office.\u201d<\/p>\n
Page 7 \u2014 The Seller\u2019s Authorization to Release of Information was revised as follows:<\/p>\n
LJ<\/p>\n
The email address at the top of the page changed from<\/p>\n
resalesrequirements@vmesinc.org to salesrequirements@vmsinc.org.<\/p>\n
LJ<\/p>\n
The list of information and\/or documents were revised as follows:<\/p>\n
Ll<\/p>\n
Member’s names of record and vesting<\/p>\n
Ll<\/p>\n
Addresses and-telophore-rumbers<\/p>\n
=\u2014Social-security-rumbers<\/p>\n
= Occupants\u2019 names-of record<\/p>\n
= Trust and will information \u2014seller’s-estate<\/p>\n
= Letters Festamentary\/Small-Estate- Affidavit<\/p>\n
Monthly assessment and fees<\/p>\n
United Laguna Woods Mutual Membership Certificate information (bolded words<\/p>\n
are added language)
\nDocuments as required by Civil Code \u00a74525<\/p>\n
= Assessment delinquency collection-status<\/p>\n
= Board-approved-special-assessments<\/p>\n
Supplemental property tax information<\/p>\n
= Unpaid-fees;charges-and-fines<\/p>\n
= Copies-of board-minutes-asrequired<\/p>\n
= Other<\/p>\n
LJ<\/p>\n
In the middle of the page, the following sentence was removed: \u201cIf the seller is<\/p>\n
unable to do so, those documents, plus any additional documents, will be provided<\/p>\n
by Staff, upon seller’s approval of this release, and the charges billed to the seller<\/p>\n
in accordance with Civil Code Section 4525.\u201d<\/p>\n
Page 10 \u2014 The Resale Notification cover page was revised as follows:<\/p>\n
LJ<\/p>\n
Adding a new \u201cNo. 9 United Mutual Membership and Occupancy Requirements\u201d<\/p>\n
that requires the buyer’s initials<\/p>\n
Renumbering the rest of the required documents<\/p>\n
Removing the board of director’s signature lines to approve or deny the<\/p>\n
application.<\/p>\n
Page 11 \u2014 The Escrow Closing Information page was revised as follows:<\/p>\n
LJ<\/p>\n
\u201cMail to\u201d contact information has been changed to:<\/p>\n
\u62c9\u53e4\u7d0d\u4f0d\u8332\u6751<\/p>\n
Community Services Division: Resales<\/p>\n
\u90f5\u653f\u4fe1\u7bb1 2220<\/p>\n
\u62c9\u53e4\u7d0d\u5c71\uff0c\u52a0\u5dde 92654-2220<\/p>\n
Email: EscrowClosings@vmsinc.org<\/p>\n
LJ<\/p>\n
\u201cDeliver to\u201d contact information has been changed to:<\/p>\n
Laguna Woods Village, Community Center<\/p>\n
Community Services Division: Resales<\/p>\n
24351 \u57c3\u723e\u6258\u7f85\u8def<\/p>\n
\u62c9\u53e4\u7d0d\u4f0d\u8332, CA 92637<\/p>\n
Page 12 \u2014 The Escrow Closing Notification and Remittance Report was revised by adding the<\/p>\n
words \u201cnon-refundable\u201d at the end of 2(f) and changing the words \u201cResident Services\u201d to<\/p>\n
\u201cCommunity Services\u201d on the last line of No. 8.<\/p>\n
Page 17 \u2014 Under Shareholder\/Membership Application, the \u201cTo reside immediately\u201d box was<\/p>\n
expanded to the option to choose between \u201cTo Reside\u201d or \u201cNot Reside\u201d.<\/p>\n
Page 18 \u2014 The United Mutual Membership and Occupancy Requirements was revised as<\/p>\n
follows:<\/p>\n
LJ<\/p>\n
Under \u201cMember,\u201d in the second paragraph, the words \u201cIn order to reside, at least<\/p>\n
one of the occupants must be 55…\u201d were changed to \u201cIn order to reside, the<\/p>\n
shareholders must be 55…\u201d<\/p>\n
Page | 2
\nLJ<\/p>\n
The \u201cNote\u201d paragraph under \u201cCo-occupants\u201d was revised to read: \u201cNote: Care<\/p>\n
providers are not permitted to use the community facilities, except when it is directly<\/p>\n
related to providing necessary support to the member or an approved resident. A<\/p>\n
care provider ID card will be issued and must be worn at all times.\u201d<\/p>\n
Under \u201cIdentification cards,\u201d the words \u201cor before requesting the final demand to<\/p>\n
avoid additional charges for not returning ID cards\u201d were added after the words<\/p>\n
\u201ctermination of residency.\u201d<\/p>\n
Two lines were added for the buyer(s) to initial at the bottom of the page<\/p>\n
acknowledging understanding of information.<\/p>\n
Page 24 \u2014 The Financial Qualifications Policy was revised as follows:<\/p>\n
LJ<\/p>\n
At the top of the page, the Resolution number and approval date changed to<\/p>\n
\u201cResolution 01-24-60 Adopted June 11, 2024.\u201d<\/p>\n
Page 25 \u2014 The definitions of \u201cThird Laguna Hills Mutual\u201d and \u201cLaguna Woods Mutual No. Fifty\u201d<\/p>\n
were added as \u201cP\u201d and \u201cQ.\u201d<\/p>\n
Page 28 \u2014 Under Section Ill (D)(2), the following paragraph was added:<\/p>\n
United recognizes Third Mutual’s multiple-unit-owner requirements. As a condition<\/p>\n
of approval, any applicant who desires to purchase more than one (1) unit or<\/p>\n
already owns at least one (1) unit in Third Mutual or Laguna Woods Mutual No.<\/p>\n
Fifty shall submit satisfactory verification of annual income and net worth<\/p>\n
requirements. Therefore, members who wish to purchase an additional unit in<\/p>\n
United Mutual must separately satisfy Third Mutual’s stepped-up income\/asset<\/p>\n
requirements, as now established or as may be amended in the future.<\/p>\n
Page 28 \u2014 Under Section Ill (D)(3), the following sentence was moved from under Section Ill (E):<\/p>\n
\u201cCurrent members of one Mutual who wish to purchase in another Mutual are required to meet the<\/p>\n
financial requirements of the Mutual in which they are purchasing:\u201d<\/p>\n
Page 29 \u2014The words \u201cin United Mutual\u201d were added under Section Ill (E)(1) after the words<\/p>\n
\u201creplacement Unit.\u201d<\/p>\n
Page 36 \u2014 Is the current \u201cAnnual Insurance Disclosure and Policy Summary \u2014 October 1, 2024\u201d<\/p>\n
Page 39 \u2014 The Key File Program page was reworded.<\/p>\n
Page 50 \u2014 The words \u201cboard director or\u201d were added before the words \u201cauthorized agent\u201d on the<\/p>\n
signature line.<\/p>\n
Page 54 \u2014 Under Application for Co-Occupancy Permit, the following changes were made:<\/p>\n
LJ<\/p>\n
The words \u201cGolden Rain Foundation (GRF)\u201d were changed to \u201cLaguna Woods<\/p>\n
Village\u201d in the second paragraph under the \u201cMember\/Co-occupant<\/p>\n
Acknowledgements\u201d section.<\/p>\n
The \u201cMember Acknowledgement of Additional Occupant Fee and Occupancy<\/p>\n
Page | 3
\nCancellation\u201d section was moved to above the member\/co-occupant signature<\/p>\n
lines.<\/p>\n
Buyers must initial after the first bulleted paragraph under \u201cMember<\/p>\n
Acknowledgement of Additional Occupant Fee and Occupancy Cancellation\u201d<\/p>\n
acknowledging and agreeing to pay the additional third-party fee.<\/p>\n
The board of director’s signature lines to approve or deny the application were<\/p>\n
removed and replaced with a Community Services Div. Use Only box<\/p>\n
Page 55 \u2014 The Application for Co-occupancy Permit \u2014 Page 2 was revised as follows:<\/p>\n
LJ<\/p>\n
The words \u201cand by executing this application\u201d were added on the last line of the<\/p>\n
intro paragraph.<\/p>\n
No. 3 paragraph was revised to read as follows: \u201cNon-shareholders may reside<\/p>\n
only if they are approved to co-occupy (and meet the requirements of Section 2<\/p>\n
above), and reside with a qualifying member who is at least 55 years of age.\u201d<\/p>\n
NOTE: Please always use the most recent resale packages and please delete all outdated Third<\/p>\n
Mutual resale packages from your system, as forms are frequently revised and updated. After<\/p>\n
January 1, 2025, any incomplete or older applications that don\u2019t have the January 1 date will not<\/p>\n
be accepted or processed.<\/p>\n
Find the most recent resale packet dated 3\/15\/2024 at lagunawoodsvillage.com > Sales<\/p>\n
Information. Select United Laguna Woods Mutual.<\/p>\n
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NOTE: Please always refer to the website for the most current documents. The location for all<\/p>\n
mutual policies has changed with the completion of the redesigned website.<\/p>\n
Email salesrequirements@vmsinc.org with questions about the revisions. Thank you.<\/p>\n
Page | 4<\/p>","protected":false},"author":28,"featured_media":0,"template":"","document_category":[1227],"document_type":[53],"class_list":["post-63089","document","type-document","status-publish","hentry","document_category-realtor-info-bulletins","document_type-other"],"acf":{"document":63090,"resolutions":null,"legacy_id":"","pdf_extracted_text":""},"yoast_head":"\n