Over 50% HOA deficiency, how to get financed for buying this?

[Sundar Krish]

This is the description with one of the short sale town home that I am interested in buying in CA Bay Area. Basically what happened was the builder did not complete the project and built only about half+ of the town homes, and some are not paying HOA now, so effectively there is a 50% HOA deficiency. Wells Fargo and few other banks told me that they would not finance me to buy this, intact they would not finance anything more than 20% HOA deficiency. This is not a HOA due on the specific home, this is a deficiency at the community level.
1. Are there other banks that do this sort of loan?
2. Even if there are banks doing this,my guess is this this property is too risky to buy ( I am buying for a rental investment property), because this same issue will apply to all other properties in that community and will bring the price of every property in that community by a large amount (unless the homeowners get together and want to do something about it). let me know if I think right