Check (with a local agent) to see if there are any pending lawsuits against the builder in that complex - that could cause some lenders to turn down loans - many ask to have a "condo questionaire" filled out by the management or association. If there is any pending litigation, it could factor in.
Not all banks require a questionaire, though.
Speak with a local mortgage rep and get their take on this.
My friend is questioning the same thing, but she already owns a unit in a northern NJ complex, and wanted to know how, or if, this would impact a sale.
Check it out.
I know of a wonderful adult community in South Jersey where a certain amount of the residents can be 50. Please email or give me a call so I can introduce you to the community. Diane@SellShoreHomes.com or cell # 732-804-7642.... more