<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
By CondoAssociation.com • October 20, 2015

Legal for NH for bank to make HOA enter a 30 year maintenance program?

30-year-maintenance-planI am a contractor bidding a job against a larger company.

The bank the larger company brought in wants a 30 year maintenance agreement to buy the loan, conveniently this larger company is the only company that has such a program.

I have asked around and no one has ever heard of a bank making an HOA pay an aditional $1.2 million in a 30 year maintenance program in order to give a loan for a building envelope project. Is that even legal?

Please drag open the comment box from right bottom corner to make it larger.

Please note that blog comments and postings are not legal advice, rather only the opinions of our readers.

Blog by Topics

See all

Subscribe Here!