Condo Q&A

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

Written by stephen polinsky | Fri, Aug 26, 2011 @ 01:20 PM
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?