so many condos associations are in trouble because too many people are not paying their condo dues so the rest of the folks have to ante up- or the associations are in big do-doThat is why fha won’t grant the loans.
Do if you are a condo owner you are stuck. However, if you are willing to do a subject to or mtg assignment you can get out from under. Investors will buy these and rent for cash flow. However, investors need to check out the condo association financials first.
