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The condo board want approve the building for fha sales or…

Customer Question
The condo board want...

The condo board want approve the building for fha sales or reverse mortgage. What can we do?

Lawyer's Assistant: Because real estate law varies from place to place, can you tell me what state the association is in?

New jersey

Lawyer's Assistant: Has any paperwork been filed?

No they want file they are tabling it they do not want FAH

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

What can we do?

Submitted: 8 months ago.Category: Real Estate Law
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Answered in 19 minutes by:
9/18/2017
Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago
Infolawyer
Infolawyer, Lawyer
Category: Real Estate Law
Satisfied Customers: 61,541
Experience: Experienced lawyer
Verified

Hello and welcome. I am working on your answer and will be right back!

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Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago

are you asking how to object to this decision? what outcome are you seeking?

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Customer reply replied 8 months ago
i will wait for the answer
Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago

what are you asking though?

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Customer reply replied 8 months ago
i will for you answer in writting
Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago

I am asking you to clarify the question as I am not clear what you are asking. please rephrase your question, thanks.

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Customer reply replied 8 months ago
I wanted to refi my mortgage for 15 years using FHA to get cash out but the building must be FHA approval. The board members don't to do this and there are units can not be sold to buyers that can get FHA loan due to the building is not Fha approved.they can bay thur FAH.
Customer reply replied 8 months ago
Is this the info you need?
Customer reply replied 8 months ago
are the lawyer still working on this?
Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago

Yes, so you are asking how to get the board to act?

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Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago

Board generally have discretion but here no good reason for board not to accomodate. Normally can pursue this in one of several ways:

1. petition by owners

2. a lawyer letter

3. suing the board

4. threat to sue

5. voting the board out and electing new members who support the proposition.

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Customer reply replied 8 months ago
What would be cost of a letter from a lawyer threat to sue the Board.
Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago
Approx $500. martindale.com and findlaw.com are both excellent lookup directories. Both highly rated. Both used by lawyers. Easy to search and find local options. Please let me know if the reply is acceptable by responding "yes" or "acceptable"
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Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago
Please let me know if the reply is acceptable by responding "yes" or "acceptable"
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Real Estate Lawyer: Infolawyer, Lawyer replied 8 months ago
Awaiting your reply, thank you!
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