I am interested in a condo listing which is in a building that has inactive HOA in disarray.

Asked by AR, Los Angeles, CA Fri Jun 5, 2009

What does that mean and is it wise to buy condo in a building without HOA?

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Robert Chome…, , San Diego, CA
Fri Jun 5, 2009
It can be very tricky to get home loans on condo's right now. There are different rules for FHA, VA and conventional loans. A loan officer can help you with checking out if a condo is eligible for financing.
Web Reference:  http://socalfhahomeloans.com
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Rebecca Cham…, , Palos Verdes Estates, CA
Fri Jun 5, 2009
It depends on a lot of factors, like number of units and reason HOA is inactive. Most lenders will not lend on a propert that has an inactive HOA unless it is a small complex like 2 or 3 units.
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