- Jurisdiction
- California
So here is my issue. I was trying to refinance my condo. B of A is denying my loan due to the fact my HOA has a master insurance plan with includes multiple other projects and so this is a liability and the lender will not approve the project.
My questions:
1) Is this legal for my HOA to do? I suspect they are trying to save money.
2) Is there any reason to sue my HOA due to loss of the loan since this is their fault?
3) Can I request the HOA pay my appraisal fee since the denial is due to their insurance policy?
Thanks.
My questions:
1) Is this legal for my HOA to do? I suspect they are trying to save money.
2) Is there any reason to sue my HOA due to loss of the loan since this is their fault?
3) Can I request the HOA pay my appraisal fee since the denial is due to their insurance policy?
Thanks.