I am really glad to see this getting more airtime.
I have threatened to cancel escrow several times recently when a bank or the overtaxed escrow firm they contract with have failed to order or deliver hoa docs in a timely manner.
It really is important. This is especially true during the abbreviated inspection period that most bank-sellers want buyers to abide by.
EG: If you have a 7-day inspection contingency that is removed passively (like it ceases to exist when the appropriate date passes) and the seller bank delivers hoa docs on day 8 showing 2 special assessments of 10,000 each, you might be in a shitty situation where you have to give up either on the deposit or eat the assessment cost. If this happens, you can fight it but succeeding might involve attorneys or courts.
Point is, really make sure you get this as a buyer and that your agent knows how to read it.
Good luck.
