Home Owner Assosciation In Court
I need to refinance my mortgage. Can I refinance a condo while our H.O.A is having a court case with the developer of the property? by lisar220 from Danville, California. Apr 27th 2010
John Neibich (JohnNeibich)
#29 ranked lender in Arizona - 4 contributions
It depends on what the law suit is, if the outcome of the case will effect your title or your property rights, and if the outcome will effect the condo's status for rental units allowed in the property. Many lenders will not finance condos in projects with too many rental units.
Marty Borges (mborges)
#253 ranked lender in California - 20 contributions
While the HOA is in litigation, most lenders will not let you refinance until that is settled. But you might get it done through a private investor but I am sure it depends on how much the lawsuit is for.
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