Westchester County co-ops must comply with strict requirements when denying purchase applications, including using the Westchester Human Rights Commission Notice of Rejection, listing specified individuals, and following deadlines, or face fines and potential legal action. (Print: Staying on Top of the Rules)
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“Buyers Sellers” returned 7 articles
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ArticleTopicsColumn TypeIssue
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Westchester Co-ops Risk Fines and Liability for Not Complying with Discrimination Law
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A Better Buyer-Seller Contract
The NYC Bar Association has updated the co-op apartment sales contract to address various issues and provide more clarity for buyers, sellers, and boards. It includes provisions for seller disclosures, buyer requirements, and facilitates the closing process, benefiting all parties involved.
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What to Do When a Buyer Lies
Curb admission shenanigans: sue for fraud.
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Fannie Mae Tightens Lending Rules
New guidelines could mean new headaches.
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Due Diligence Matters More Than Ever
Purchasers – and their attorneys – need to dig deep before buying an apartment.
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Untangling the Co-op Sales Conundrum
How to get around the limit on buyer deposits.
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The Oh-So-Unpopular Minimum Resale Price
What can a shareholder do when they believe their board has an unfair minimum resale policy?
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