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Home-equity Loans Are Available to Co-op Shareholders

. But reverse mortgages are not allowed in co-ops, the shareholder doesn’t want to take out a mortgage, and ... Age is no barrier to such loans, but reverse mortgages are off the table.

Co-op Sublet Fees Can Give Renters a Shock

New York City

, a broker with Sotheby's International. "I'd ask what it's for, and why you weren't informed of it earlier ... Broker advises renters to beware of excessive co-op “management fees.”

Co-op / Condo News: Bronx Building Bankrupt, BID Bashed, Broker Bedevils

and Selling... "Broker Alters Financial Package, Puts Deposit at Risk" by Teri Karush Rogers ... brokers who alter your financial package, and a brokerage that claims that its luxury condos will get ... Co-op / Condo News: Bronx Building Bankrupt, BID Bashed, Broker Bedevils

Rising Mortgage Rates Cool City's Hot Co-op and Condo Market

New York City

New York City’s extremely hot co-op and condo market shows signs of cooling as mortgage rates ... Rising Mortgage Rates Cool City's Hot Co-op and Condo Market

Pied-a-Terre Tax Would Hit the Very Rich the Hardest

New York City

Luxury real estate brokers have derided it as “class warfare.” Advocates have praised it as a long ... “It is not unreasonable to ask those who can afford to buy a $238 million second home in New York

Ask Habitat: Why Are Sales Drying Up at Our Co-op?

New York City

work on to make the building as attractive as possible to mortgage lenders. Reserve funds. Your co ... A READER ASKS: I am on the board of co-op in Queens. A few years ago, we had a problem ... Ask Habitat: Why Are Sales Drying Up at Our Co-op?

A Building Boom in New York’s Worst Flood Zones

Long Island City, Queens

and works in Long Island City. “Homebuyers still ask about the flood zone, but it hasn’t stopped anyone from ... “I think we have short-term memory,” says one broker.

How to Turn Around a Financially Troubled Building UNABRIDGED

Magazine Article by Mark Hoffman, Hoffman Management on August 01, 2016

How do you turn around a building dealing with arrears, late mortgage payments, and general fiscal ... The Challenge When I asked the outgoing manager of the co-op that we were taking over

Victory at Joyce Gardens UNABRIDGED

Magazine Article by Bill Morris on September 01, 2007

shock. They included sponsor default, debt, mismanagement, physical decay, onerous mortgage payments ... Default, debt, physical decay, an onerous mortgage – how a Queens co-op teetered on the brink

Helpless in the City

mortgage brokers. I guess you're not in a position to provide the mortgage yourself. Have there been any

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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

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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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