NEW MEXICO – Albuquerque realtors look to cap processing fee statewide

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:

Posted on November 14, 2016, in Uncategorized. Bookmark the permalink. Comments Off on NEW MEXICO – Albuquerque realtors look to cap processing fee statewide.

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