Effortless Document Management for Every Business Need
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About Shop 4 Docs
Your One-Stop-Shop for Document Management
Every management business needs someone to manage Closing Documents, Collections, and Private Documents. Whether you sell products or services, www.shop4docs.com can help run your company’s Documentations.
Shop Closings
Do you need to request a status letter, resale certificate, or any other association documentation?
Our Services
Below are descriptions of the most common real estate documents DocShop may prepare and deliver.
01
Status Letter Package
This letter is required by law and should be requested by your agent at least (10) days prior to your closing date. DocShop prepares the status letter package which includes details on any current outstanding balance, as well as the amount of ongoing association assessments and fees and what should be collected at closing to ensure proper transfer of ownership.
02
Resale Certification
These documents are typically requested by a purchaser’s mortgage lender as a requirement to obtain financing. DocShop compiles and continually updates the required information in community specific certifications to be provided to lenders. In some cases, lenders require that their own lender specific documents are completed. In those cases, DocShop handles the necessary research and review necessary to complete these lender specific forms. It is important that resale certification requests are made at least (10) days prior to your closing.
03
Master Deed / Bylaws / Conditions, Covenants, & Restrictions / Budget / Insurance
These are just a sample of additional documents which may be requested by your lender. These include the documents which govern the administration of your community association, as well as specific financial or insurance information which may be requested. DocShop maintains updated copies of these documents for all communities and will provide them upon request.
About Us
DocShop was founded by Condominium and Homeowner’s Association industry leaders from all ends of the spectrum.
Our primary objective was to offer a service and solution that would benefit all parties to a real-estate transaction specific to the community association industry. We focused our business model on expanding the abilities and offerings of other document delivery service companies before us. The result was DocShop, a full-service document delivery solution that provides property managers and their communities not only a service from which real estate professionals can retrieve documents, but also a solution for the time-consuming process of gathering, analyzing, and distributing accurate information.
Frequently Asked
Questions
Why are status letters required to complete a purchase or refinance transaction?
If you live in a home that is part of a community association, the association has a legal interest in your property as it relates to association dues. Therefore, Any property that is part of a community association must request this document to verify the amount of dues that will be charged and if there is an outstanding balance that must be paid through the closing in order to allow clear title to be transferred.
Why do I have to pay for a lender certification?
Most lenders now require these documents to be completed in order to approve financing for borrowers who are purchasing a property that is part of a community association. Information such as the number of units, the characteristics of the community, and financial information may all factor into a lender’s decision to approve financing.
What makes DocShop different that other document delivery service providers?
DocShop sets itself apart from others in the industry by managing all aspects of the document research, review, and preparation, in addition to accepting the liability of ensuring all documents are accurately completed in a timely manner.
Why do associations and their management agents utilize third party venders, such as DocShop to handle the preparation and delivery of these documents?
As the nationwide real estate market continues to improve, more and more purchase transactions are taking place. In addition, lending institutions have greatly expanded the requirements necessary to approve financing. In light of the increased number of transactions and heightened lender requirements, most associations and management agents now utilize a third-party vendor to ensure the necessary information is provided accurately and efficiently.
How long does it take to process a status letter request?
Status letters will be provided within 5-7 business days in accordance with state law. If a status letter is needed sooner than this timeframe, we offer same-day service with the payment of the required rush fee.
Submit Payoff Letter Request
You can also contact us at:
closings@shop4docs.com
6632 Telegraph, Ste 239,
Bloomfield Hills, MI 48301
1-800-DOC-4858