The initial conference with an attorney can be somewhat unproductive because neither side knows whether an attorney/client relationship will result. Whether the parties can agree to form an attorney/client relationship depends on a number of factors. How well do the parties communicate with one another?
Financing Condominiums
It has become more difficult to obtain financing for buying a condominium. Lenders are no longer limiting their due diligence to the financial strength of the prospective borrower – is she or he qualified? Instead, lenders are scrutinizing the condominium project itself. Lenders are asking questions such as what is the rent-to-own ratio? A high ratio may lead to the denial of the loan. What is the reserve for capital replacements (roof, siding, HVAC)?