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2. WHAT'S
A RESALE
CERTIFICATE?
A key item in the resale package, a resale
certificate is a form that gives specific
details on the home being bought. This
form shows the amount and frequency of
dues and assessments and the current
owner's account balance information,
like past-due payments, unpaid fees, and
fees due at closing. It also discloses
unpaid violations or pending violations
and might entail essential data from the
association's governing documents. A
resale certificate may be referred to by
different terms, such as:
• Resale disclosure certificate
• Status certificate
• Estoppel
• Closing statement
• Dues statement
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