Final answer:
If the disclosure summary for a homeowner's association is not provided prior to signing the contract for sale, the contract could be voidable, allowing the buyer to cancel. The exact consequences depend on state law.
Step-by-step explanation:
If the disclosure summary for a homeowner's association is not provided to the buyer prior to signing the contract for sale, the status of the contract could be deemed invalid or voidable depending on the state law. Typically, many states require full disclosure of homeowner's association (HOA) rules, fees, and other important information before the sale is completed.
If this disclosure is not provided, a buyer usually has the right to cancel the contract within a certain period after receiving the disclosure. If the disclosure is never provided, the contract may remain voidable at the discretion of the buyer. However, the specifics can vary by jurisdiction, and it is essential for both parties to understand their rights and obligations under the law with respect to HOA disclosures.