Bank refuses home buyer loan as condo association has no reserves

My friend sold her condo but the bank turned down the loan for the buyer due to the condominiums unhealthy financial reserves. What can she do? She had things packed; down payment on a temporary rental and learned this yesterday (19 days before closing)? She feels that her condo is now worthless. Anything that she can do legally since the association has used the reserve funds for regular maintenance?