Condo buying question

[Alex G.]

Hello,

I want to bid on a Fannie Mae REO located in MA. I asked a buyer's agent for a copy of condominium bylaws and a statement of financial condition. She responded "These docs are usually passed along after your offer is accepted:)". Is this a common practice to bid on a condo without knowing if it can be rented out and what kind of reservers the HOA might have?

Thanks,
Alex

[Jim Wineinger]

As far as I am concerned the only reason for a condo is to con you out of more doe thus condoe.