Our initial scan found 11 potential issues in your governing documents.
We checked the 3 public PDFs on Old Bridge HOA’s website against current Florida and federal HOA law—and more issues may exist depending on the documents you load.
✓Articles of Incorporation✓Rules and Regulations 2021 Update✓Rules & Regulations+ Add up to 10 PDFs in Full Analysis
Rules and Regulations 2021 Update · Sec. 3 · Page 4
Right of First Refusal (ROFR) clause lacks mandatory exemptions for foreclosure, deeds in lieu of foreclosure, and FHA/GSE-insured mortgages.
Operative Clause · Sec. 3 (Page 4)
“of 13 2. The Co-op may exercise its right of first refusal to purchase the Cooperative Parcel as set forth in Section 21-B of the Master Form Proprietary Lease.”
Why It’s Flagged
Fannie Mae Selling Guide B4-2.1-03; Freddie Mac Guide Ch. 5701; 24 C.F.R. § 203.43b (HUD/FHA)
Under federal HUD/FHA regulations (24 C.F.R. § 203.43b) and Fannie Mae / Freddie Mac project eligibility standards, any Right of First Refusal in the governing documents renders the entire community non-warrantable for federal and conventional secondary-market mortgages unless it expressly exempts foreclosures, deeds-in-lieu of foreclosure, and mortgagee transfers, and complies with anti-discrimination mandates.
Sample Discussion Wording for HOA Counsel
For Board & Counsel Review
Any Right of First Refusal reserved herein shall not apply to or impair the rights of any institutional First Mortgagee, nor shall it apply to any transfer or conveyance by foreclosure, deed in lieu of foreclosure, or subsequent sale by a First Mortgagee, Fannie Mae, Freddie Mac, FHA/HUD, or VA, in compliance with 24 C.F.R. § 203.43b and Fannie Mae Selling Guide B4-2.1-03.
REMAINING INITIAL FINDINGS & FULL DOCUMENT SET
10 Additional Issues Flagged in Initial Scan
Unlock exact page coordinates, statutory citations, and counsel discussion notes for all 10 remaining issues—plus load up to 10 PDFs for complete review.
#
Potential Issue Surfaced in Initial Scan
Document
Severity
#2
Pet & Assistance Animal Restriction Statutory Exposure
Rules & Policies
HIGH LEGAL RISK
#3
Pet & Assistance Animal Restriction Statutory Exposure (Rules & Policies)
Additional Governing Documents You Load (Up to 10 PDFs) — Amendments, Rules, ARC Guidelines & Cross-Document Hierarchy
Up to 10 PDFs
INCLUDED IN $699 AUDIT
COMPLETE GOVERNING DOCUMENT AUDIT · $699 ONE-TIME
Run the Full Analysis for Old Bridge HOA
A 10-hour manual review at $450–$1,000/hr costs $4,500–$10,000; Crystal AI prepares your complete marked-up governing document set (up to 10 PDFs) for $699 one-time.
