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All condo towers enter into litigation eventually and statistically it is most likely at the 7-9 year mark after completion as this is when many of the builder warranties expire. When I tour first time homebuyers I always explain that Litigation is not something to be afraid and can be a opportunity for many buyers. It is most important to find out all the specifics on the litigation and to make sure you fully understand the risks. Also make sure your Lender can do a loan in a litigation property, there are two lenders I use in Downtown San Diego that specialize in doing these types of loans as the majority of lenders will not consider doing a loan in a Litigation property and they usually require 20% down.
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