It is very important to understand the current status of the HOA (Home Owners Association) as it collects dues from all the property owners that are then used to pay for maintenance and repairs to the development. Any uncollected due may cause delays in repairs and maintenance to the development. It also may impact the ability of any borrower to place financing on one of the units in the development due to past dues being owed.
A condominium is usually in one building, most are not FHA approved. Each unit/condo/PUD has different HOA fees.