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On 7/23/08 Congress passed legislation that will now include coops within the popular government-insured HECM Reverse Mortgage guidelines. Undoubtedly, this will create numerous inquiries by senior shareholders in the months ahead who will be considering this type of financing.
In response, coop boards will be looking to be educated on this subject. As a reverse mortgage specialist with Cambridge Sr. Capital (a preferred lender with NRMLA, www.reversemortgage.org) I can address all your questions about this program.
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learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
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