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Old 03-07-2010, 05:24 PM
 
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I'd like to check the financial health of the condo association. Any idea how I can find professional that would do that for me?
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Old 03-07-2010, 06:21 PM
 
Location: Salem, OR
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Quote:
Originally Posted by colincobre View Post
I'd like to check the financial health of the condo association. Any idea how I can find professional that would do that for me?

Those are private documents. When you make an offer you'll make it contingent on the seller providing you copies. Any condo owner can request them, but they are not public documents.
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Old 03-07-2010, 06:32 PM
 
Location: Colorado Springs, CO
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Again, - just like the gov. docs. - these documents must be supplied by the seller. Again, this is based on Colorado statue. Again, it's common for the financial docs. to be posted on line. (in CO)
My answers will be very much the same as your other post about gov. docs. (declaration & rules).

Like Rules, the financial docs. are not typically part of the public record. Again, your first stop is the mgt. company. If you are not comfortable reviewing financial statements, I suggest you ask your CPA to review them for you.

In CO the "financial docs." include - annual budget, most recent statement (balance sheet) and any reserve study.
Best wishes.
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