Title Company Information


Capital Assessment Fee


The District does not charge a capital assessment fees or capital deposit on any home sold within the Potomac Farms neighborhood.

STATUS LETTER

Through its management company, the District provides status letters to title companies. The purpose of the status letter is to provide buyers and sellers of homes within the Potomac Farms neighborhood with various District-specific information including (1) whether there are outstanding covenant violations and/or fines attached to the lot, (2) whether any outstanding litigation exists against the District and (3) the amount and nature of any fees, fines or reimbursement assessments (excluding property tax assessments) payable to the District. All status letter requests should be submitted online through www.homewisedocs.com

Transfer Fee

The District Board does not reimburse its management company for fees and other costs incurred by the management company related to ownership changes of Lots within the District. Consequently, the District Board has authorized its management company to charge a transfer fee directly to all new home buyers within the Potomac Farms neighborhood.

The purpose of the transfer fee is to cover the time and one-time costs incurred by the management company to setting up a new homeowner information file and account for the District and closing the former owner's files and accounts in accordance with the District's document retention policies. Please contact the District's management company for a current quote on the transfer fee. The transfer fee is payable directly to the District's management company.