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Updated about 9 years ago on .

Abhi Jain's profile image
Abhi Jain's profile image
Abhi Jain
  • Real Estate Investor
  • from Torrance, California
  • Member since May 18, 2015

User Stats

9
Posts
1
Votes
Abhi Jain's profile image
Abhi Jain's profile image
Abhi Jain
  • Real Estate Investor
  • from Torrance, California
  • Member since May 18, 2015
Abhi Jain
  • Real Estate Investor
  • Torrance, CA
1
Votes |
9
Posts
Buying & Selling Real Estate

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

Abhi Jain
  • Real Estate Investor
  • Torrance, CA
Posted

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.

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