Can I bring a suit against condo association for loss incurred due to litigation?

I''m a condo owner in Nob Hill North, Ronkonkoma NY. The complex that has 2 condo associations,
North and South. I reside on the north side. The South section has brought a lawsuit against the
north section over common charges and voting rights last summer. They have gone into ligiation many
times over the same issue. Settlements were made in the past. Since the lawsuit was issued last
summer, sales for condos within the complex have been non-existent. I have spoken to realtors who
are saying that it''s hard to sell these condos due to title issues from the lawsuit. Apparently
mortgage companies are reluctant to give out loans, and FHA loans are not available (they were
denied FHA designation because of the litigation). My condo has been on the market for almost 8
months. I was wondering if could I bring a lawsuit for lost equity and costs against the either of
the associations? http://decisions.courts.state.ny.us/fcas/fcas_docs/2011oct/51001592220111sciv.pdf

Legal Topic Area: Real Estate in NY

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