We just had this happen on a place we were selling, the owners (my sellers) were very hands on and collected the necessary signatures to ammend the by-laws, door to door, etc. Their association attorney was able to get the documents recorded within a day of the signature collection. The process took about a week in a 34 unit building, credit to the owners and a very capable attorney. This was the first FHA closing in the building, this closing would probably not have happened if the right of first refusal was still active. If you have any questions for your association, their association attorney was very helpful in this matter: Anthony Musilami from Musilami Law Offices (web site below). I hope this helps and good luck!