Goto my website and click on the link,"Condos - the new frontier" and print out the checklist of what to look for when shopping for condominiums.
Make sure also when you go to get prequalified that the bank you are dealing with understands what is required to make loan on a condo...the rules have and continue to change on regular basis.
Each bank has their own requirements...and one very important part of their rules may be requiring you to get flood insurance no matter where or how high your condo unit would be.
To get the history of this condo association, email or call me at (504)615-2333
If you are interested in more details,please feel free to contact me directly & I'll be happy to send them on to you.
Century21 Investment Realty