...Relieves Board members and management from the task of preparing, processing and distributing the paperwork involved in the transfer of ownership
...Maintains a comprehensive ownership profile on each unit including lien registration (pledges)
...Able to provide much needed technical and legal support
...Available during normal business hours to handle requests from owners, settlement offices, sales agents and lenders** Fee for the transfer service is paid for by buyer at settlement or by the owner who requests a change in ownership status
...Hard copy and computer database files are set up for each unit
...Transfer work is performed for and on behalf of the Board of Directors
...The Transfer Agent will proceed with transfers only after receipt of the Board's written approval
...No charge to the Cooperative for maintaining this transfer service.