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Yes, you are actually right about that. After thinking about it more, we may just not try to refinance again at this time. We didn't actually ask to refinance. We went into the bank for something else and they talked us into it. They got us all worked up for nothing. Thanks for keeping it in...

Well, for whatever reason, B of A won't approve the loan because of that unfortunately. They see it as a high risk and will not lend because of it and there's not much I can do about it for now.

**what

The pics above was watch they called 'other projects'

Their B of A's project manager was the ones who reviewed the HOA's master insurance policy and it is apparently part of a "pooled master insurance policy”. They have shown her where to look on the copy of the HOA insurance. This includes a number of other multiple projects under the same...

Don't know. But the HOA insurance company verified they were not related to our HOA. Apparently, I was told by the bank, it's not done often, but it is a way for them to keep costs down. It sounds like I will have to find another lender/broker or just keep my current mortgage. I appreciate...

Hi. Thanks for the reply. So apparently I was told that it is not a singular HOA for multiple properties with common ownership/development. It is multiple other projects (not related to my HOA) pooled under one master insurance policy. I don't know the answer to the second question, but...

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...