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Mom was approached by 2 different companies offereing Reverse Mortgages. They BOTH said that SHE

Present Value, Future Profits UNABRIDGED

Magazine Article by Alan Saly on August 01, 2004

an underlying mortgage, often winning over skeptics on co-op and condo boards that thought it would not be cost ... on their investment - banks have different ways of computing this." A board should ask its mortgage lender
before the mortgage is completely paid. “Sometimes [real estate] brokers call to ask how much

Repairs: Who’s Responsible? - Arthur I. Weinstein UNABRIDGED

Magazine Article by Arthur I. Weinstein on November 01, 2011

While it can be fun to describe complex $50 million co-op mortgage refinancings ... ? BACKSTORY While it can be fun to describe complex $50 million co-op mortgage refinancings
borrowing without assessment or a maintenance increase. Well... what about asking for one or more

Make Your Co-op Approved for Lending UNABRIDGED

Magazine Article by Theresa Racht, Partner, Theresa Racht on November 03, 2016

attorney, and it should be handed out to any lenders or mortgage brokers who ask, in qualifying

Ground Lease Renewal Bill Saves Co-ops in Queens and Westchester UNABRIDGED

Magazine Article by Carol Ott on November 06, 2024

of losing everything they have in these apartments” because buyers couldn’t get 30-year mortgages and “in ... Queens and Westchester co-ops with land leases, allowing buyers to obtain 30-year mortgages and co
with management. We ask for the broker(s) name(s) and that is given to the door staff along with the notice
AGA Capital, run by Russian-born mortgage broker Galina Zhigun, her son Garri Zhigun and office ... up of dozens of people — a lawyer, an accountant, mortgage brokers, real estate appraisers, loan
the shareholder only pays $450."   So now, "when brokers call and ask, 'What's your maintenance?,' I can say here ... refinance the underlying mortgage, you refurbish and sell an apartment picked up in foreclosure

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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

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