Laguna Woods Village HOA doubles transfer fee on resales to $5,000 (CA)

The Golden Rain Foundation board on Tuesday, Sept. 5 unanimously passed a resolution to increase the transfer (trust facilities) fee on resales from $2,500 to $5,000.  The $5,000 will apply to units that sell for $75,000 or higher and remain at $2,500 for units less than $75,000. The fee increase is intended to avoid an increase in assessments and to reduce the projected reserve contribution for 2018.  The purchaser of the unit will be responsible for paying the fee during escrow.      Read the article…………..

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