Around the Web: Week of Mon., Dec. 14: Bah, Humbug, Hanukkah, & Dead Buyers
NYC — Recent news of note for co-op and condo boards. More co-op board religious intolerance, what doormen do in your apartment while you're away, and the latest stories of co-op./condo refinancing and reverse mortgages. Also, what happens to the escrow when your buyer dies?
- "Co-ops Poised to Reject Reverse Mortgages for No Good Reason" (BrickUnderground.com)
See also the Habitat articles "Reverse Mortgages: What They Are, and Why Boards Should Allow Them" and "Reverse Mortgages Becoming More Prevalent in Co-ops and Condos"
- "Woman Fights for Chanukah Lights in her [Co-op Building's] Hallway" by Stephen Witt ( New York Post)
See also the Habitat article "Condo Fined $10,000 for Forbidding Religious Item on Apartment Door"
- "Warner vs. Kaplan," a New York State decision on who gets the escrow depot when a co-op buyer dies before closing but after board approval (Leagle.com)
- "Coming Soon to your Co-op/Condo: Mandatory Time Outs" (BrickUnderground.com)
- "Refi Co-op As an Investment" (Brownstoner.com forum)
- "Soho Doorman Helps Himself to Penthouse Power Nap" (Curbed.com)
- "NYC Homeowners Flip Out Over Goldman's Restricted Pay Bonuses and What It Means for Condo Sales" by Joe Weisenthal (BusinessInsider.com)
- "Cozy-Crazy Couple Makes Tight All Right in the City's Tiniest Studio" [purchased for $150K], by Angela Montefinise ( New York Post)
