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Real Estate Law Articles

Beware of Lender Questionnaires

Lenders are more cautious to approve a loan prior to a buyer's purchase of a condo unit or the purchase of a home in a homeowners' association (HOA) because ownership and decision making are shared between property owners, which equates to more risk for the lender. To aid in their decision-making process, lenders may utilize a “lender questionnaire” that a property management company or community association must complete and sign. The questionnaire is used to gather additional information about the community association. Examples of items covered on a questionnaire include: what fees or special assessments are charged to unit owners, building insurance utilized, ongoing projects, etc.


Effective Monday, March 23, 2020, at 11:59pm, the Director of the Ohio Dept. of Health issued a "Stay at Home Order". This Order currently lasts until April 6, 2020, at 11:59pm. The Director's order includes the entire state. Unless you work for an essential business or are doing an essential activity, you should stay home. "The intent of this Order is to ensure that the maximum number of people self-isolate in their places of residence to the maximum extent feasible..."

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