READ THIS IF YOU ARE BUYING AT DAYTON GREEN. I lost my purchase due to the HOA not complying with my lender wanting a condominium certificate to prove that the HOA has the 2% deductible on 22 million hail and wind policy which would equate to $440,000.00 in the reserve account. The Dayton Green HOA & Hammersmith Management have lied to past present and future homeowners that they are covered. The homeowners are covered foe 22 million dollars, but do not have adequate funds for 2% deductible.
My lender told them to go to another insurance agency and get a deductible for 1% and he would close the deal. The HOA would be in compliance per the law of Fannie Mae, but they refused. The HOA has 220,000 in the reserves, but HOA and Hammersmith Management were adamant in holding an emergency meeting and rectifying the issue for all parties concerned. Sure you can get around this closing if you put 10, 15, 20% down as the lenders will unwarranted the property under the federal laws , but then you are faced with an HOA who you will have to fight from the get go!
BOTTOM LINE DON’T BUY INTO DAYTON GREEN IF YOU HAVE HALF BEAN IN YOUR HEAD! BAD FOR ALL AND MANY LAWSUITS TO COME DOWN THE ROAD!
Dayton Green Condominiums Reviews
READ THIS IF YOU ARE BUYING AT DAYTON GREEN. I lost my purchase due to the HOA not complying with my lender wanting a condominium certificate to prove that the HOA has the 2% deductible on 22 million hail and wind policy which would equate to $440,000.00 in the reserve account. The Dayton Green HOA & Hammersmith Management have lied to past present and future homeowners that they are covered. The homeowners are covered foe 22 million dollars, but do not have adequate funds for 2% deductible.
My lender told them to go to another insurance agency and get a deductible for 1% and he would close the deal. The HOA would be in compliance per the law of Fannie Mae, but they refused. The HOA has 220,000 in the reserves, but HOA and Hammersmith Management were adamant in holding an emergency meeting and rectifying the issue for all parties concerned. Sure you can get around this closing if you put 10, 15, 20% down as the lenders will unwarranted the property under the federal laws , but then you are faced with an HOA who you will have to fight from the get go!
BOTTOM LINE DON’T BUY INTO DAYTON GREEN IF YOU HAVE HALF BEAN IN YOUR HEAD! BAD FOR ALL AND MANY LAWSUITS TO COME DOWN THE ROAD!