Help Please. Due to HOA the sale of my home isn’t able to go through.

[Kylie Kwon]

Hi! I live in Longmont, Colorado. I made a huge decision to move to chicago, i'm 51 and now an empty nester. I've a new built a life in 2017 after a toxic and unexpected divorce. I went from stay-at-home mom to single raising two kids alone having not worked in nearly two decades. I worked my butt off and was able to buy one home in north boulder and one in Longmont.

I decided to move to chicago so I can enjoy life now that the kids are out of the house. Because no matter how much I think about my future and retirement, you have to also live life. I signed a lease for an apartment in Chicago. Sold my home in Longmont the first weekend it was on the market.

We were supposed to close on 4/15. I just found out this morning, that my HOA for my home, has a 8% deductible for wind/hail insurance instead of the 5% and that my home is now a non-warranted condo, which was not the case when I bought in 2022. The HOA doesn't seem to care and simply responds with "what questions do you have" or "I know it's a challenge." Now more than likely the buyer will back out and the home will need to go back on the market, this time with this restriction for the sale.

I know that I would have never bought this home if I had known it would become non-warranted property. Some of my neighbors don't care and a few are shocked because they had no idea of this change. I'm trying not to freak out but the move happens this week and now I'll have my apartment lease in Chicago while still paying this mortgage. Given the market and now it being non-warranted, I will probably not only not make any money but also lose the downpayment I invested when I purchased. Who knows how long it will take to sell. To have to pay both my new lease and mortgage without knowing how long it will take to sale. And not sure how long it will take to sell. I was prepared for a couple of months of overlap but not this!

I'm trying not to freak out but it is difficult. I need words of wisdom and advice. I'm trying to breathe... any help would be so appreciated!
Can the HOA do this? 

[Brie Schmidt]

Quote from @Kylie Kwon:

Thanks to you both. They looked at the cost of insurance and impact on HOA fees but not the impact on the homeowners ability to sell.

My buyer backed out this morning. One of the board members are trying to communicate with me. The HOA rep didn't care at all and was like you were invited to the meetings. 
But there has been no written notices about what this would mean to the homeowners and their property. 

Unwarrantable condos/townhomes are difficult to sell and cost more money to buy. I would do your research on the challenges with these types of properties and inform your HOA and neighbors. Maybe put together a letter outlining the impact it will have and deliver it door to door. You get enough pissed off people the HOA will have to respond.