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Different Collection Tactics for Co-ops and Condos UNABRIDGED

Magazine Article by Stanley Somer, Somer & Heller on December 20, 2021

the shareholder and asking for a monetary judgment and possession of the premises. When that happens, the tenant
, about 6, and 3 this year so far. I believe JP Morgan Chase and Wells Fargo are offering mortgages. I
the building has a doctor's office. Wha? As BrickUnderground.com's "Ask the Experts" column reveals, a little
up in our co-op several years ago. An owner was ready to sell and instead of using a broker
their mortgages to Fannie Mae aren’t allowed to do — slaps this new limit not only on cooperatives, but also ... the Federal National Mortgage Association, commonly known as Fannie Mae, instituted on March 31. A broker
Mortgage broker Patrick Niland, president of First Funding of New York and a former co-op board
Liz R.Insurance Broker writes: We are a condo of 67 units. Lately, buyers seem to be investors who
parties brought people together even more. Because of my CPA background, I was asked to join the board ... Many people spend their weekends working with real estate brokers, scouring the city
. Self-amortizing mortgages are fine but do not allow for any unexpected assessments. On the issue

Protecting a Condo from Undesirables - Kurzman Karelsen & Frank UNABRIDGED

Magazine Article by Phyllis H. Weisberg on November 01, 2011

the first mortgage and real estate taxes. ... first, a condominium’s lien for unpaid common charges comes third – behind the first mortgage and real

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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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