Do whatever you can to get something to B of A. Getting loans through with condos these days is tough. You are so close to the end...there has to be a way to close on time. Elevate it to B of A management to find out what would be sufficient to address their budget concerns.
My advice is to see if you're eligible for a Home Affordable Refinance Program (HARP). With condos, if you fit into the HARP guidelines you will sometimes get a waiver of both the appraisal and the condominium documentation requirements. I have several of these transactions in process right now, all in CA, and I can tell you that this is BY FAR the best way to be refinancing any condo in the current lending environment.
There is no cost or obligation associated with having me look into this further for you and if you're interested, please get in touch. In your current situation, I cannot see a downside to giving this a shot.
Contact the Listing agents, they need to order "HOA Resale Package" for their own deals & in this package lies the Prized BUDGET document you need. Tell them Pretty Please, you need a copy of this.
If you like, I can compile a list of agents names & numbers for you to call to see if they have a recent copy.
It's absolutely CRAZY that your HOA is saying they can't get this for 3mos.
If you can't get this from a listing agent, have an attorney write a strongly worded letter, stating that it will be the HOA's fault you didn't get your loan lock (or something like that) and threaten a lawsuit for damages.
Beyond this contact an attorney for their advice......maybe they can light a fire under the HOA...
However I understand budgets don't happen over night or have HOA speak with B A determine what would work with their guidelines.
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