Every Condofax Report Checks For:
Condofax Financial Analysis for Condo Buyers
A thorough financial analysis of the condominium association including: Budgets, Balance Sheet, Income & Expense Statements, Assessments, Loans, Reserves, Dues and Delinquency Levels, and Tax Return Filings.
Condofax Reserve Study for Condo Buyers
An examination of the most recent reserve study completed and an analysis of current and future reserve funding, allocation, and upcoming capital projects for the condominium you are considering.
State Law Compliance & Best Practices by Condofax
Review of all condominium association documentation for compliance with state law and operational conformity with the condominium industry standards.
Condominium Association Rules & Regulations by Condofax
Study of Rules & Regulations that are against the actual practice.
Condofax Insurance Policy Review for Condo Buyers
Investigation of all of the insurance policies and coverage the condominium has as is required by state statute.
Condofax Litigation & Minutes for Condo Buyers
Examination of past and current litigation of the condominium association by our legal department, with scrutiny of all board minutes as is required by condominium code.
Condofax Miscellaneous Reviews for the Condo Buyer
The Condofax report also includes background checks on the condominium board members, registered sex offenders in the condominium association, condominium engineering reports where required by law, condominium management company reputation, and project eligibility for FHA and VA mortgages.
See all information included in your Condofax report: