What type of litigation? Copies of the ongoing litigation are available for a cost at the Superior Court.
A high percentage of condos in Orange County are currently Not FHA approved.
We offer an in house team that reviews and submits the "re-approval" to HUD or Fannie Mae and Freddie Mac.
The homeowner association would need to supply a list of documents.
Litigation is one reason why you can't get a government or conventional loan, but also since the down turn condo's have struggled to fund insurance and ameneties...
Vice President-Mortgage Banking Officer
Most lenders will stay away from condo complexes with pending litigation, regardless of whether it's the HOA filing, or the suit is against the HOA. If not immediately disclosed, the lender will require that the HOA complete a questionnaire. If there is a pending litigation, that stops the lending process.
If you're looking to buy, this is a question you should ask your lender first before you write an offer. And if you're getting an FHA loan, you should also ask the lender to determine if the the complex is FHA-approved.