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in foreclosures. Condo boards, on the other hand, are third in line after mortgage lenders and tax departments
and often means board members play the parts of apartment renovator, broker, negotiator, and financier
defaulted on maintenance payments to the co-op, and the underlying mortgage was coming due within the year
, the board hired a real estate broker and placed the unit on the market for $1.5 million. The apartment
) "Ask an Expert: Do Appraisers Look at a Building's Financials? Do Mortgage Lenders?" by Teri Karush

Closing Is Not for Amateurs UNABRIDGED

Magazine Article by Patrick B. Niland on August 01, 2013

Asking the professionals on your board to help with your refinancing may seem money ... Closing Is Not for Amateurs Our co-op just received a commitment for a new underlying mortgage ... Ask the Mortgage Broker

Voice From the Wall UNABRIDGED

Magazine Article by Tom Soter on August 01, 2013

The broker had brought my board an unsuitable potential buyer not once, but twice. And now she

They Want to Regulate You UNABRIDGED

Magazine Article by Jennifer V. Hughes on August 01, 2013

that the issue is manufactured by realtors, who are losing out on commissions when deals fall through. “A broker’s

Constraints of History UNABRIDGED

Magazine Article by Frank Lovece on August 01, 2013

. “The broker said, ‘Prewar – like pre-World War I.” As Sosnick, who is 62 and board president for 30
As a mortgage broker, I receive questions like these several times each year, as well as similar ... mortgage? It would save us some money, but someone suggested that it might be a conflict of interest. Q

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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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