As Jackie mentioned, the taxes ,also wanted to pipe in that HOA fees are $185 per month and that the owner has a recorded mortgage of 165k, so probable short sale unless seller is bringing $30-40k to closing to pay-off the mortgage deficiency. Also not sure about that HOA solvency and you can check with a lender of your choice to see if that development is on the HUD approved list for FHA loans. if not, then no FHA loans and conventional underwriting is your only alternative.
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