Resale Procedure

 Texas State Law requires that we, FCCA, must provide information about our association and the sale of Property located within the jurisdiction of our Association. The “goal” of the state law is to ensure that every individual purchasing property had an opportunity to have as much information as possible when buying a home located in a deed restricted community.

 

FCCA has its own request form for a Resale Certificate. We will provide that form upon request by mail, fax, or in person. Upon Receipt of a “Request for Resale Certificate” form, we will verify if the property is within FCCA. The appropriate fee must accompany the request. The cost of a standard Resale Certificate is $50.00 ($125 less $75 collected at closing). If a rush Resale Certificate is needed or required for a closing, the total cost is $300.00 ($225 less $75 collected at closing). A request for a standard Resale certificate will be completed within 10 business days of the receipt of request. A rush request for a Resale Certificate will be completed within 3 business days of the receipt of request.

 

The Resale Certificate package that we provide includes:  

 

·         Resale Certificate

·         Certificate of Compliance

·         Supplemental Amendment for the neighborhood

·         Development Guidelines for the neighborhood

·         Declaration of Covenants

·         Bylaws of the Association (FCCA)

·         Notice of Dedicatory Instruments for the Association

·         Articles of Incorporation of the Association

·         Assessment Collection Policy

·         Residential Deed Restriction Policy and Schedule of Fines

·         Certificate of Compliance Policy    

·         Available Guidelines for Modifications

·         Modification Application

·         Park, Lake & Recreation Facility Rules & Regulations

·         Current Year Operating Budget

·         Current Balance Sheet

·         Certificate of Insurance

 

Should you have any further questions please contact our office at 281-634-9500.