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The Perfect Storm UNABRIDGED

Magazine Article by Bill Morris on October 01, 2008

. This storm was made up of terrifying elements – stratospheric heating bills, an onerous mortgage, inflated ... Management Mortgages Boilers

Question about board/mortgage

as if it was a 30-year self-amortizing mortgage. Ask your lender to calculate how much you have to repay each ... Question about board/mortgage

Trump Palace Condominium: A Trail of Discrimination Details UNABRIDGED

Magazine Article by Andrew Brucker on January 10, 2022

Condominium, which had been identified by the brokers as professional space. The unit had been previously used ... What happens when a board asks the wrong questions.

Getting a Mortgage Just Got Tougher

New York City

Fannie Mae, instituted on March 31. A broker handling a sale at Forest Hills South, a Queens co-op Lovett ... Getting a Mortgage Just Got Tougher

Co-op and Condo Buyers Ask: What's a Lowball Offer and What's Realistic?

New York City

, the increase in mortgage buys outpaced the increase in all-cash purchases. Such signs that the city's dormant ... Co-op and Condo Buyers Ask: What's a Lowball Offer and What's Realistic?

Lack of Pre-Inspection Leaves Condo Board Exposed to Major Risks

New York City

a broker who specializes in co-ops and condominiums. That broker is more likely to ask the right questions ... Broker’s oversights led to porous insurance coverage.

Can Co-op Boards Avoid Prepayment Penalties on Underlying Mortgages?

New York City

. Moreover, the recent trend has been toward the lender asking boards to agree to mortgages requiring that co ... The whole process of refinancing a co-op's underlying mortgage – fully investigating the issues ... Can Co-op Boards Avoid Prepayment Penalties on Underlying Mortgages?

Refinancing Your Mortgage: A Primer

verification form asks your existing lender for information regarding your co-op's current loan (lender ... Refinancing an underlying mortgage is a complex process, one that requires ... Refinancing Your Mortgage: A Primer

Why Your Apartment's Appraised Value Is Too Low — And What to Do About It

New York City

Miller Samuel. In the case of the East Village property, the realtor called Miller asking him advice ... the apartment at $350,000 and $400,000. Her mortgage broker, Jordan Roth of GFI Mortgage, suggested she try ... a mortgage. New rules intended to rein in the industry have led to properties being appraised at values far

Exploding Toilets Lead to Imploding Mortgages at Brooklyn's Caton Towers

Caton Towers, 135 Ocean Parkway, Kensington

in progress, with financing secured. Then the board got a surprise. "Brokers who thought they had done deals ... Federal National Mortgage Association, popularly known as Fannie Mae, is now declining to back mortgages ... Caton Towers Exploding Toilets Imploding Mortgages ... Exploding Toilets Lead to Imploding Mortgages at Brooklyn's Caton Towers

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Board Talk

Engage, enrage, ask questions and give answers with your community of board members. Submit your questions and comments here!

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 2024

Property Manager failing to provide 2022-2023 Financial Statements

Julie Oct 16, 2024

Habitat Week by Week

Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.

Ask the Experts

learn more

Learn 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

Source Guide

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