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How Did One Queens Co-op Go from Normal to Nightmare?

for the purchase price. It could, however, get the money if it refinanced its underlying mortgage. The co-op did ... refuse to do so, but they did." Birchwood asked the real estate developer if it could "go ahead and sell

One Tough Nut UNABRIDGED

Magazine Article by Tom Soter on April 01, 2015

plant, perimeter concrete/asphalt replacement – took out a second mortgage for about $6 million. After

Work Out UNABRIDGED

Magazine Article by Bill Morris on April 01, 2015

can control who buys shares. Also, mortgage rates depend on the level of owner occupancy ... Shares Sponsors Mortgages ... your mortgage?

Newly Minted UNABRIDGED

Magazine Article by Carol J. Ott on April 01, 2015

’s residents, her parents didn’t speak much English. “At the meeting,” Kraus says, “we asked, ‘How much do we ... Sponsors Finances Mortgages

Smooth Transitions UNABRIDGED

Magazine Article by Bill Morris on April 01, 2015

will be ready when I make contact asking for documentation, such things as an arrears list, the maintenance roll

The Incentive Game UNABRIDGED

Magazine Article by Ronda Kaysen on April 01, 2015

A good partner is hard to find. Just ask the board of Parc Vendome in midtown Manhattan. It has

How an NYC Condo Kept a Roof Replacement Project from Becoming a Nightmare

New York City

as a cooperative does. Unable to refinance a (non-existent) underlying mortgage, the board went to its unit

A Breakdown of the Co-op Admissions Package

New York City

. But on personal questionnaires, it's easy to ask the wrong thing and open your board up to a discrimination suit

How Boards Can Get a Snapshot of a Potential Neighbor

New York City

But, as Vernon notes, you can ask if anyone planning to live in the apartment plays an instrument ... , sometimes, to make a decision about a potential buyer when you can't ask certain questions. "We've had

Taking on the Status Quo UNABRIDGED

Magazine Article by Tom Soter, Jason Carpenter on March 01, 2015

in the bookkeeping that I saw really didn’t make a lot of financial sense on the annual report and then when I asked

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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!

Carpet cleaning

Bob B JR Nov 22, 2024

Door mats in coop

Diane Nov 12, 2024

Sponsor Rights

mr.gardenz Oct 20, 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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