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Can't Sell My Condo Due To Hoa Issues Leading To Non-warrantability (no New Mortgages). Can I Sue My Hoa Management Company?

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Location: Colorado

My HOA is a mess, and there are several issues that make my condo complex non-warrantable (i.e., no new conventional mortgages can be issued to any unit in the complex). One of the main issues is our master insurance policy has an 8% deductible, and federal lending guidelines have a max deductible of 5%. I have had three offers fall through because of non-warrantability, and lost 20k on the asking price. I need to sell to start a new job in a different state this fall, and it looks like I'll be handcuffed to my unit indefinitely.

I was digging through my community bylaws, and found a section stating "insurance deductibles should be no more than 1% or $5000, whatever is lower." My realtor brought this up to my HOA management company (who manages the master insurance policy) trying to get them to move quickly towards compliance with federal lending guidelines. My HOA management has been aggressively unhelpful and slow at remedying the problem, but they are working very fast to re-write/amend the above bylaws.

Do I have grounds to sue my HOA management since our master insurance does not comply with community bylaws? Would I need a real estate lawyer or an HOA lawyer (if there is such a thing)? How do I go about finding the right lawyer? I'm a classic Colorado hippie/stoner and I never thought a lawsuit would ever be in my cards, but this condo is ruining my life plans and killing me financially due to HOA mismanagement.

submitted by /u/Rocks_4_Jocks
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