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While selling our condo, our association let HUD/FHA approval expire

| Budgets & Finance |  


Question:

Our condo complex has been FHA approved for several years. In the midst of selling our condo to an FHA approved buyer, our HOA let their HUD/FHA approval expire. The need for re-approval has postponed escrow, causing loss to us, the seller, in the form of punitive damages. Is this negligence grounds for litigation?


Answers (15)

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