Updated over 5 years ago on .
HOA problems for refinancing
I am in the process of refinancing my condo property. There are 11 owners between 30 and 60 days late on their HOA dues, which causes the condo to be ineligible for a limited review mortgage. The alternative option is to request for a full review, which can take several months, and is not guaranteed to be successfully approved. There is apparently no concessions for the pandemic issue which might have brought about this problem.
Is anyone else experiencing this issue? Any advice is appreciated.