Requests for estoppel letters must include the following:
1. Identifying Information
- Name of the creditor/Association
- Name of the owner of the property
- Street address of the property
- Signed authorization from the current owner
- Name of the third party requesting the estoppel letter
- $250.00 for regular turnaround (up to 15 business days)
- $350.00 for expedited turnaround (please provide a “need by” date—we will make every attempt to honor it)
To pay by check, please make it out to: Sanders Law Firm
To wire payment, please contact us at (719) 630-1556 for instructions.
SLF will not proceed with any work until all items listed above are confirmed as received at the office that administers the community’s association. If you are unsure which office this is, please contact our main office at (719) 630-1556.
PLEASE NOTE THE FOLLOWING:
- Updated estoppel requests follow the same fee schedule and timeline as stated above
- SLF reserves the right to charge additional fees if a claim of “safe harbor” or other claim of exemption is involved or if we spend extra time on the matter for any reason including, but not limited to: negotiations regarding settlements, motions and/or court appearances.
- Estoppel letters are valid for thirty (30) days, unless otherwise stated, and will include additional assessments that will become due during that period.
- Estoppel letters do not constitute approval of sale by the Association. It is the prospective transferee’s responsibility to contact the Association directly to determine what approval process, applications and fees may be involved with approval of the transfer of the property.
- There may be more than one Association that has the right to assess a property and you may need estoppel letters from other Associations that we do not represent.
- Estoppel letters are only issued to third parties and do not relieve the current owner of liability for amounts owed before the transfer of title even if there is an error as to amounts due.
- An owner who is requesting a “payoff” on his/her own account should make that clear as this is not an “estoppel” request. The requirement of pre-payment of any fee for preparing a restatement of the account for the owner does not apply. Likewise, the statement of the account contained in any correspondence addressed to the owner cannot be relied upon by third parties.