KRQE NEWS 13: Albuquerque realtors look to cap processing fee statewide
By Jeannie Nguyen
November 12, 2016
ALBUQUERQUE, N.M. (KRQE) – An unexpected fee has been hitting homeowners looking to sell their homes, and it’s not cheap. It’s something the city of Albuquerque has cracked down on.
It’s often called a processing fee, charged by homeowners associations to get a document needed to sell a house. However, the fee can get out of control.
“I’m fighting for my clients. This is a customer service industry, and sometimes they don’t have anybody to speak for them,” said John Lucero, a realtor.
Over the past few years, Lucero has seen homeowners association management companies take advantage of his clients looking to sell their homes. These companies will charge homeowners anywhere from $100 to $1000 for a disclosure statement — a document that has to be provided to a buyer. Read more: