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...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.