Lender for a condo with litigation going on it's HOA

[Abhi Jain]

Hi all,

I liked a condo in LA and went in escrow. In the middle of the escrow the Bank denied my loan application because there is a litigation on the HOA. Apparently, another tenant in the building sued the owner and HOA for negligence.

Overall, the building is in a good shape and the amount of litigation is not too high either. Also, HOA has good amount of reserves.

So does anyone know of a lender who has no problems with the litigation on HOA. Please help. I need to know it ASAP as I am running out of time in escrow.

Thanks in advance.