I have HOA problems....

[Lamar Quinn]

Hi BP,

I recently tried selling my townhome (CIC) and after pulling the disclosures I found out the 5/12 units are delinquent in paying their dues. As a result the buyers lender will not approve the loan. Apparently FMAC and FMAE won't approve if 15% or more of the homeowners are delinquent. Has anyone ever come across this? Are there any solutions? It's a small HOA composed of 3 buildings that are 4 units each. My building happens to be 100% in paying the monthly dues, anyway I can get my building out of the HOA? #brexit?

Thanks in advanced for any insights and guidance,

Lamar