Lombard Court HOA litigation updates

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Wf123

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Does anyone have opinion on buying a condo in woodbury - Lombard court? I hear there is pending Hoa litigation against Lyons home  builder. Any Lombard court residents negative experience? Thank you for any comments.
 
Litigation has been resolved now.  WL did a payout to HOA after performing some of the repairs.  Now HOA needs to find contractors to perform the remainder of the "builder defects".
 
Thanks for the response woodburyowner. But there are still only a handful of lenders willing to finance the homes in lombard court. HOA mention that tentative  agreement has been reached but lawsuit is still not dismissed.
 
Even if the lawsuit is dismissed, it won't affect the lender situation.  All the defects need to be repaired before lenders will lend as a standard property again.  This will probably happen at the end of the year.  For primary residence, there probably isn't that big of a hit for loan premium.  Maybe 25bps?
 
Yeah hopefully the lombard court litigation will be dismissed soon and repairs completed by end of year. HOA said it should not affect the monthly dues. How's the community though? Is it a good area? @woodburyowner, do you lI've in lombard court ?
 
@zippohunter, is the Monticello litigation done and repairs completed? Stuff like these takes years to get done.
 
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