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Doing Quite Well, Thanks UNABRIDGED

Magazine Article by Bill Morris on May 01, 2007

was that the already relatively high maintenance and mortgage costs made boards skittish about raising the maintenance

Borrow It! UNABRIDGED

Magazine Article by Lisa Prevost on January 25, 2018

not have the ability to raise funds for capital projects by taking out a mortgage. CIRA loans are different

Up from the Ashes UNABRIDGED

Magazine Article by Ford, Ruth on December 01, 2002

mortgage. The directors wanted to stop paying high interest rates and also hoped to undertake a major

Blow-Up UNABRIDGED

Magazine Article by Tom Soter on October 01, 2007

float? You may well ask. Boards make controversial decisions every day. Often, it’s not the subject

Bids: The Sound of Apples to Apples UNABRIDGED

Magazine Article by Frank Lovece on May 01, 2015

changes and asking for updated bids 5. Choosing a vendor and negotiating the final contract   It can
the building's underlying mortgage by taking on two concurrent loans to pay it off: a fixed-rate, interest
. Their attorneys ask to review minutes to get a bead on what is going on in the building. Denying them that chance
often I've read of boards asking how to collect assessments that are one, two, even three years behind
are full. Place is clean. Bills are paid. New mortgage properly in place. Financials look good except
ten percent of the annual budget to a reserve contribution. Fannie and Freddie could deny mortgages

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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