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I was advised by PNC Bank that a Condo Association wasn't "Approved" by the government for Manufactured Home Lending. How can they operate as a Condo Association if it doesn't meet the Government Approval? There are only two banks that will loan money and it's at higher interest rates.

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Our 411 unit association foreclosed on 4 condos 7 years ago. They had a bank loans in the first position. They have never taken any action and there are 7 years of unpaid dues. We want to sue the bank for the dues. Is this possible?

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Can a HOA Board approve a loan for millions of dollars in purchasing the Clubhouse from the developer by themselves without going to the membership for approval.

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Our Condo Board is trying to require a loan to make major repairs in our building, but I am afraid that the bank will put a lien on all the co-owners property.

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Condo trustee signed a document stating that 75% of the Membership voted to allow a loan to be sought by the Trustees. It clearly states that

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What happens if a 10 year HOA loan is taken out by an association and is allocated to all its unit owners, and one of owners sells his/her unit?

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HOA has three new members, yet we can’t figure out why a loan balance shows up on the financials from the management company

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Our association recently obtained a loan from a bank to perform roofing needs to all units in the Association.

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I recently moved into a condo association which did not disclose in any fashion on its financials a loan of over $300,000.

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HOA lender is stating they need proof of Fidelity Bond insurance to be able to fund the transaction.

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