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The Second Time Around UNABRIDGED

Magazine Article by Jennifer V. Hughes on February 01, 2012

-based mortgage broker. Say an apartment was purchased for $500,000 and the borrower financed 80 percent of that ... Refinancing Mortgages Behavior-Shareholder & Board
, would become delinquent in their payments. Voluntary receivership – asking a court to appoint a receiver ... co-op condo financial management, fundraising, monthlyfees, mortgage, printemout, refinancing
to make significant changes to their listings and broker-fee models by a specified deadline ... Brokers are prohibited from using compensation as a filtering mechanism for listings. ... New Broker Rules ... Changes on broker fees and listings go into effect on Aug. 17. ... NAR Settlement Leads to Major Changes in Listings and Broker Fees
feedback from fellow Cooperators. We are a small bldg with 54 units and have secured a mortgage broker who ... MORTGAGE REFINANCE
shareholder's mortgage? I'm asking because you mention what sounds like taking the 1% fee for brokering

Apartment Buying 101 UNABRIDGED

Magazine Article on August 01, 2011

Forty-five management executives offer their answers to questions that buyers are asking ... . If the mortgage will mature within 12 to 18 months, I would ask about the building’s plans to refinance ... The definitive guide to questions that buyers are asking and that boards need to answer.
, and proceed to call bankers and mortgage brokers in hopes of uncovering a secret stash of cheap money ... Mistakes that create horror stories for co-op boards. Over the last 20 years, as a mortgage broker, I ... A Mortgage Broker Reveals: Co-ops' Deadly Dozen Refinancing Mistakes
of a reputable mortgage broker to help you find the right lender for your new loan. Understand what a loan ... Refinancing an underlying mortgage loan is the most important decision a co-op board can make ... A Mortgage Broker Reveals: Six Essential Steps to Co-op Refinancing
building's capital improvement needs.   Patrick B. Niland, a mortgage broker, is the principal ... of solving them. I always hear of co-op buildings getting new mortgages to make improvements. Can't our condo ... Condo Associations CAN Borrow: A Mortgage Broker Tells You How
to keep the condo, and the mortgage is in both your names? Well, transferring that loan to your name only ... Transferring Mortgage After Divorce ... Unhappily Ever After: Who Gets the Mortgage After a Divorce?

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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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