Zillow Advice: FHA and VA Loans - Association with 0 balance for Replacement Reserve Account http://www.zillow.com/advice-thread/Association-with-0-balance-for-Replacement-Reserve-Account/513383/ Zillow Advice | Zillow Real Estate I am surprised they have ... http://www.zillow.com/advice-thread/Association-with-0-balance-for-Replacement-Reserve-Account/513383/ I am surprised they have managed to keep their FHA Condo approval at all.&nbsp; All I can figure out is they will lose the approval upon renewal when FHA finds out they no longer meet the reserve requirement.<br/><br/>I would be very concerned about owning property in a project without the means to maintain the property.<br/><br/>And, I seriously doubt any lender would finance in the project. Wish you the best.<br/><br/>Deborah Wed, 02 Oct 2013 17:37:00 GMT http://www.zillow.com/advice-thread/Association-with-0-balance-for-Replacement-Reserve-Account/513383/ 2013-10-02T17:37:00Z It would be a concern for ... http://www.zillow.com/advice-thread/Association-with-0-balance-for-Replacement-Reserve-Account/513383/ It would be a concern for the future of your investment. If the HOA reserve account is empty, how do they expect to keep up the common elements and take care of obvious things like Roofing, Painting, Paving, Pool Plastering? Not to mention the not-so-obvious like Treework, Landscape Renovation and Safety Inspections (elevator, fire sprinklers and alarms, tripping hazards). Although these things may not specifically affect your property, you have to ask yourself how big of a role the HOA plays in your particular subdivision.&nbsp; Sun, 29 Sep 2013 05:32:00 GMT http://www.zillow.com/advice-thread/Association-with-0-balance-for-Replacement-Reserve-Account/513383/ 2013-09-29T05:32:00Z