I'm the listing agent for an REO condo foreclosure. The condo fee delinquency rate in excess of 42 percent which is limiting my financing options. I've talked with a few direct endorsement lenders and they have stated the only way a buyer can purchase this home is with cash. This severely limits my buyer pool. Any other low downpayment finance options for purchasing a never occupied condo with a high condo fee delinquency rate?

What are the chances of getting this condo HUD approved? Did you look into that yet?