Co-op / Condo News: Bronx Building Bankrupt, BID Bashed, Broker Bedevils
New York, NY, Aug. 8, 2011 — Recent news for your co-op board or condo association.
There's a co-op in The Bronx, and for bankruptcy it files. Chapter 13, where are you? In Manhattan, 10 co-op boards successfully fight to keep a Business Improvement District from developers' control. And there's embezzlement in Indiana and talk of co-op admissions legislation in Boston. For buyers and sellers, a warning about brokers who alter your financial package, and a brokerage that claims that its luxury condos will get a guy get lucky. And speaking of unlucky guys, Anthony Weiner is selling his Queens co-op.
Read all the latest co-op / co-op news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links. If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
- "Low-Income Co-op in the Bronx Files for Bankruptcy, Threatened with Tax Foreclosure" by Daniel Beekman (New York Daily News)
- "Quieting the Uproar Over a Co-op Board Vote" by Cara Buckley (The New York Times)
- "Plan for SoHo BID Downscaled in Response to Concerns" from 10 co-op boards and others, by Andrea Swalec (DNAinfo.com)
- "An Inheritance and a Co-op Board / A New Buyer, an Old Project" by Jay Romano (The New York Times)
Buying and Selling...
- "Broker Alters Financial Package, Puts Deposit at Risk" by Teri Karush Rogers (BrickUnderground.com)
- "The High Road: The customer is not always right" by Malcolm Carter (Service You Can Trust blog)
- "Condo Living: Income Property" (Journal Sentinel, Milwaukee, Wisc.)
- "NY Brokerage Firm's Ad Promises 'Sex' with a 'Condo'" (Asian News International via TruthDive.com)
- "[Anthony] Weiner Selling Queens Co-op" (New York Post)
Board Issues from Around the Country...
- "Anaheim Condo Complex at Center of Free-Speech Debate" by Matt Coker (OC Weekly, Orange County, Calif.) and "Cabrera v. Alam" (court decision)
- "Woodlands Condo Board May Face Recall in Hamilton" by Joel Landau (The Press of Atlantic City, N.J.)
- "Mishawaka Embezzler Gets Six-Year Prison Sentence" by Mary Kate Malone (South Bend Tribune, Ind.)
- "Spurned by Co-op, Man Lobbies Legislators Again" by Frank Phillips (The Boston Globe)
- "Who Owns this Condo? Man Pays Mortgage, Woman Is Owner of Record, Experts Smell Fraud" by Kimberly Miller (The Palm Bach Post, Fla.)
WebCitation archives:
"Low-Income" • "Quieting Uproar" • "SoHo BID" • "Inheritance / New Buyer" • "Income Property" • "Broker Alters" • "High Road" • "NY Brokerage" • "Weiner" • "Anaheim" • "Cabrera" • "Recall" • "Embezzler" • "Spurned" • "Fraud"