Updated almost 4 years ago on . Most recent reply
Non warrantable condo
Looking for advice. Trying to find any kind of financing for a condo that has an HOA with 3 issues:
1) law suit: they state the law suit is complete and final documents have been sent to the county.
2) reserves: reserves are not to standard but they claim they have completed a reserve study
3) roof insurance is currently on depreciation value, and will be converted back to 100% when the new roof is complete.
Mind you a conventional loan just closed in June, and I tried to use the same lender. We disclosed the roof insurance issue and at that point underwriting would not approve. Apparently they made a mistake on the roof insurance.
thanks in advance