Selling or Refinancing?

This information is intended for banks, credit unions, title companies, or other organizations that may be working with a Lake Forest resident on a home sale or refinance.

Home Sale Status Letters

Our property management company is responsible for generating status letters for realtors and title companies which are working with Lake Forest home sellers.  Please contact status-letters@lfloa.org to obtain a status letter.  There is a $180 fee for this service.

Lender Document Preparation

Our property management company is responsible for preparing lender documents for banks and credit unions which are working with Lake Forest residents who are applying for a mortgage or a refinance.  Please contact status-letters@lfloa.org to obtain documents.  There is a $100 fee for this service.

General Information

Lake Forest is a platted subdivision, and is not zoned as a site condominium.  There are no shared facilities such as tennis courts or clubhouses.  Residents own their lots, and any shared lands, such as our park, are owned by the Lake Forest Lot Owners Association, a non-profit organization that collects dues, enforces our protective covenants, and maintains the properties it owns, such as the community park.  

There are 251 lots (and homes) in the Lake Forest subdivision.

Lake Forest is a distinct subdivision from Lake Forest Highlands, the Hills of Lake Forest, and the Pines at Lake Forest.  Each of the other subdivisions has its own HOA (sometimes more than one), and therefore its own dues, board of directors, covenants, etc.

Insurance

The LFLOA has a liability policy with State Farm.

Dues

As of April 3, 2019, the annual dues for the LFLOA are $300.  The LFLOA sends an invoice for the current year's dues to lot owners in Q1 each calendar year, and most lot owners pay their dues promptly.  Dues cover the current calendar year; for example, the 2018 dues that we invoiced in Q1 2018 cover CY 2018.

The overwhelming majority of LFLOA dues are used to pay for the upkeep and maintenance of LFLOA-owned areas, such as parks and grounds.

Dues are not used to maintain homes, mailbox posts, street trees, or any other resident-owned property.  Dues are not used for any utility charges incurred by a resident, such as water, electricity, natural gas, cable television, etc.

Any dues that are collected at closing should be sent to the LFLOA at the address on this page.

Please contact our property management company at status-letters@lfloa.org to check if a resident is current with dues.