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Veritas Property Management: Accountability UNABRIDGED

Magazine Article by Carl Borenstein, President on August 06, 2018

is when a shareholder wants to refinance and take out a larger mortgage. The bank requires that the board

The Charles H. Greenthal Group/MGRE: Operations UNABRIDGED

Magazine Article by Steven Greenbaum, Senior Vice President on August 01, 2018

, “Can you just sign this document? I’m refinancing,” or “I need to sell my apartment. My mortgage broker
of the mortgage and whether it’s a co-op or a condo building," says Deanna Kory, a broker with Corcoran. "Many

The Man With the Impish Grin UNABRIDGED

Magazine Article by Bill Morris on July 30, 2018

payments weren’t covering such basic services, he asked to see the financial records. He was rebuffed

Insurance Hell UNABRIDGED

Magazine Article by Tom Soter on July 26, 2018

Some brokers call them “The Insurers of Last Resort.” And if the people in your co-op or condo
the underlying mortgage with Employers Reassurance. The earlier assessment helped pay for a gym, a bike storage
departments. In accounting, if you left at 4:59 you were stealing a minute from the corporation – but brokers
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.
they plunk down their cash. Title insurers customarily entertain homebuyers’ mortgage brokers, lawyers
institution and ask for an increase of the line of credit. Sometimes, an additional mortgage running

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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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