I am selling my property in AZ. I found a buyer, we agreed on all the terms. The buyer was pre-approved, I am in good standing with my property. However, the buyer's bank did not approve the loan. Apparently the HOA in which my property is located has a high deficiency rate with unpaid dues from residents. A second mortgage lender has also denied the loan. I am afraid that I will lose the deal over this and I may not be able to sell the property at all. Any suggestions or advice on what I can do?
Read more: Mortgage lenders/ HOA deficiency?
