1004 or 1073?

[Dublin ohio]

Condos even detached condos should be on 1073 which is more appropriate form to use especially in describing the description of the condo project.
Because of my premium to do condos, I haven't been doing that many condos but do lenders still require you to indicate any pending litigations (see, so much work and investigation).

I can see the logic on putting a true site condo on the 1004 since it actually has its own site and can be done to UAD specs. The detached condos in my area would not conform to 1004 UAD specs since they don't have a site. As far as litigation is concerned. I just go with the best info available. I can ask the HOA or check court records for any active cases. Doesn't take that long

 

[Fernando]

I can see the logic on putting a true site condo on the 1004 since it actually has its own site and can be done to UAD specs. The detached condos in my area would not conform to 1004 UAD specs since they don't have a site. As far as litigation is concerned. I just go with the best info available. I can ask the HOA or check court records for any active cases. Doesn't take that long

Some condo projects less than 10 years old might have litigation.
Not sure if it's a CA thing in which condos have 10 years after completion to go after builder for any defects.