Title Company is calling it a Condo?

[Luke Carl]

I'm supposed to close Friday. Appraisal came back as a 5 on the risk scale and was red flagged. It's a single family vacation rental cabin in an HOA with 11 other cabins. The ones that have sold in the past few years were sold as PUDs. Since mine was red flagged its now listed as a condo because of the back woods mountain way the worded he deed 30 years ago. I have two others cabins in the area (real ones not condos) This will gross big money. Low purchase price. Should I run away because of all this condo stuff or do I not care? Broker knows nothing about condos I'd be surprised if it'll passes Fannie regulations. Will it be hard to sell?? Need some quick advice sorry I know it's a weird one.

[Roman M.]

My wild guess is hoa questionnaire was filled out improperly or some one sent condo questionnaire instead of Hoa or person didn't know how to answer the questions. A lot of time lenders send those things to condo/Hoa  board and expect them to fill it out with absolutely zero instructions or guidance.  I suggest you ask underwriter how did it get put into condo  pool.