Association does not have enough reserves for me to get a mortgage

The condo I put an offer on has an association without 10% in reserves.  I was told my FHA loan can not be approved unless I come up with a bigger down payment.  Any ideas?  I am in New Jersey. 

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Could owner be getting financially kicked back on HOA project?

I am a new HOA board member. Have taken on the task of redecorating, remodeling of our 50 year old complex. Have already found a designer . She has a plan and has submitted her contract to be reviewed by the board. Meanwhile, before I got elected; a...

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Should condo fees be paid monthly or quarterly?

Shouldn't condo fees be paid monthly?  Our condo association collects quarterly.  How can that be good for cash flow?

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What if we don't have enough board members?

What if there aren't enough people willing to serve on a board?  Sadly, we can not get enough interest to fill our board that mandates seven board members?  We have 21 units.  Should we reduce the board size by changing the bylaws?

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Can we stop organized Trump-bashing in our condo clubhouse?

We have association meetings, held in the association's clubhouse under the title of current events. The purpose of this group is to bash Donald Trump.  Many members of the association find this objectionable. Please advise how we should handle. ...

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Developer wants to change the plan from what owners bought into

Our developer went bankrupt and the bank sold the remaining 56 lot of the original 94 lots to a new developer.  The new developer wants to change the plan and build duplex units on lots originally planned as 4 unit town home units. This would...

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Keeping building hallways clear

We live in a condo building in Boston MA  and because the units are all small people leave things like their bikes and shoes in the hallways.  We have a bike rack but its down two flights of stairs in the basement so residents prefer not to use it. ...

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Does our HOA insurance cover other people's damage?

A friend of a neighbor had an accident on HOA property that was not their fault.  A ladder fell on their car and caused damage.  Who pays - our insurance or are they covered under the auto insurance?  New York.

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Does our condo building need signage?

Do we need to have a sign with association name at the entrance to the association? If so does it have to be lighted? If so, is a street light sufficient?   Is this a developer responsibility or an association responsibility? Fremont Ohio

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