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My Hoa in under litigation. Are there any lenders that refinance a Condo ?

by tablet_354_264 from Milpitas, California. Apr 7th 2013 Reply


Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

Yes. Prime Lending has a program that's similar. It's 3% down, and uses a private Mortgage Insurance company.

Apr 7th 2013
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Peter Savino (855411LEND)
#101 ranked lender in New Jersey - 332 contributions

Your best chance will be portfolio lenders, or local banks.

Apr 7th 2013
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James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 313 contributions

You need a special lender. Most will not lend with open litigation

Apr 7th 2013
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Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Maybe a private lender but I why would you want to put yourself in that position until the litigation is over?

Apr 7th 2013
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Carlos Figueira (carlosfigueira)
#1 ranked lender in New Jersey - 199 contributions

Yes, BUT why would you want to buy a condo that is under litigation? What is the litigation over?

Apr 7th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,960 contributions

When you have a property with an association, lenders not only check you out, but your association too. An association in litigation will automatically prevent you from obtaining the vast majority of standard loans. A small number of lenders may offer you financing with an in-house program of some kind. Good Luck.l

Apr 8th 2013
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It is funny that some of the answers below didn't read the question. You are wanting to refi. not purchase.The answer is that it all depends on the reason for litigation. I have a mortgage for litigation in a condo complex (depending on the reason) I had one work out.pogie calderonRPM Mortgage@831-419-1790

Apr 8th 2013
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Don Maher (don@ucloan.net)
#372 ranked lender in California - 30 contributions

Yes. www.HoaLitigationCondoLoans.com20% equity required for owner occupants

Aug 12th 2014
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