Federal Pacific Breaker Panels

[Dan Mackin]

Right now I am helping an associate through buying their first property. They are currently renting the condo and have gotten an great offer from the owner which will result in an almost instant 30k in equity on top of the down payment. The inspection was done today and they found a Federal Pacific panel. I was not aware of these until today and was wondering what concerns this will have for resale. If she gets the property she will have the panel replaced, but since the whole complex was built with them how will this possibly affect the resale? If she replaces the panel will the disclosure she sells need to include her reasoning for it? Would it be stepping out of bounds to have the HOA inform the other owners about the potential issue in their units?