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HECM Coop Reverse Mortgages

with Cambridge Sr. Capital (a preferred lender with NRMLA, www.reversemortgage.org) I can address all your

Remove from office by Board

and a capital improvement is taking longer than expected and of course blaming it all on the president since he

What do they want to hear?

, financial another headed by your Treasurer. If you do not have committees,capital improvement coordinators

thanks, but inequitable

of the collective owners. While it may, indeed, be tempting for an Association to apply refunds toward capital

A few good men...

-607-8859 Northrop Grumman – 917-567-3287 OmniPoint – 973-872-5109 Wireless Capital – (AT&T) –

Our 500 unit co-op and board longevity

refinancing it. 2. We have expended $15,500,000 in capital expenditure, more so in the recent past

How to have unanimity  recruit board members

year by 2.5% to 4%. We slowly year by year raised our capital assessment which initially garnered $20

Are you sure about the assessment?

to assess when necessary, i.e., capital emergency repairs, raising reserves, etc. Now, returning to your

transfer fee

and maintenance increases are based upon multiple factors - assessments typically are needed for capital

Fees

You don’t say what kind of fee it is. Is it a capital assessment? Will it appear on your monthly

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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!

Super starting his own business outside of the co-op

Bob B JR Dec 20, 2024

radiator air valves

Pre-war cooperative NYC Dec 19, 2024

Coop serious problem - staff work without permits, etc

DM Dec 15, 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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