Save this deal! What can I do..

[Gustavo Delgado]

I have a condo of mine under contract. Everything was running fine until Underwriting wants to know about the 10% for reserves in the HOA account. The annual budget for the hoa is $850k so they want to see $85k in the reserves. The HOA, had a balance of $195k at the beginning of the year and is expected to have $207k by year end. So the HOA is only allocating $12k to reserves and not the 10%. My hangup is that even though the HOA is not allocating $85k for the reserved this year, they will have over $200k in reserves (over 20% of the $850k budget) Everything else has been cleared by the underwriter (insurance policy, occupancy rate, ect..) but I am concerned this deal will fall through because of this issue.

What are any contingency plans or other options we can look at in the event this will not close.

[Brandon Croucier]

When is your closing date? 
Are you using conventional financing?

[Ko Kashiwagi]

Do you have liquidity to close the property in cash? If that's an option you can purchase cash and do a delayed financing in the case financing falls through. If the seller is cooperative, they may let you restructure it with another program/lender...

[Gustavo Delgado]

Quote from @Brandon Croucier:

When is your closing date? 
Are you using conventional financing?

 To clarify, im am the seller not the buyer. They are using conventional and closing was set for this week. 

[Gustavo Delgado]

Quote from @Ko Kashiwagi:

Do you have liquidity to close the property in cash? If that's an option you can purchase cash and do a delayed financing in the case financing falls through. If the seller is cooperative, they may let you restructure it with another program/lender...

 Hey Ko, I am the seller in this situation not the buyer. And yes I will cooperate with the buyer to get this done..

[Brandon Croucier]

Quote from @Gustavo Delgado:

Quote from @Brandon Croucier:

When is your closing date? 
Are you using conventional financing?

 To clarify, im am the seller not the buyer. They are using conventional and closing was set for this week. 

Okay, hard money and DSCR loans aren't going to have those requirements.

Is the buyer buying for investment or primary purposes?

[Derek Brickley]

There are always non-warranable condo options depending on the exact situation.  If it'd be helpful to have a backup option in place for them, feel free to reach out happy to answer any questions on that.