New York's Cooperative and Condominium Community
This is an outrage!!!!!
There is a flip tax if a shareholder sells, yes! But there should not be a flip tax for a stock certificate transfer to someone in the same family especially if it were willed to you as part as your grandmothers estate.
Hire an attorney at once!!! Any real estate attorney familiar in condo/coop. law will suffice.
Good luck and you should get your money returned. If not because if was right; then because they insitituted a "new rule" immediately after taking your money.
I would fight big time!!!!!!!
Let me know how you do!
Signed
Furious!!!!!!!!
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