Are Loan To Value Requirements Legal?

Question: I am a realtor and I have been working in the real estate industry for many years. I have a potential buyer who learned about a new resolution passed by a homeowners’ association requiring a minimum of 15% down on all loans. I don’t do many deals that require financing and I have never heard of this. Can the association do this legally?    Read the Q&A…………….


Related Articles

Community Association Life: Buyers aren’t informed of community restrictions

Q: When reviewing the sales contract for our condominiums, we often find the Realtor does not follow the wording referring

Tampa (FL) condo complex saved from fire by sprinkler system

A fire that may have been sparked by a lightning strike was quickly extinguished by a sprinkler system at a

Disabled Pasco (FL) woman sues nudist community (HOA) over service dog

At Paradise Lakes Resort, the rules for clothing are loose. In fact, there are no rules for clothing — it’s