Co-op / Condo News: Stolen Reserve Fund, Evicting a Hoarder, More
New York, NY, June 6, 2011 — Recent news for your co-op board or condo association.
The Tudor City co-op board deals decisively with a hoarder — while a New Jersey board deals inhumanely with a condo-owner with lung disease. How inhumanely? Thousands of dollars' worth, after the state got through with them. A judge says developer Yair Levy used a condo's reserve fund as his personal piggy-bank, while Washington, D.C., officials say a condo's property manager may have done the same. Plus: How co-op / condo buyers can avoid sticker shock, a board bullies a military mom, and see what you missed by not buying Broadway legend Harold Prince's co-op!
Read all the latest co-op board, condo board and co-op / condo buyer news 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.
- "Tudor City [Co-op Board's] Bid to Boot a Hoarder" by Heather Haddon (New York Post)
- "Judge Rules Against [Yair] Levy in Reserve Fund Case at Rector Square [Condominium]" by David Jones (TheRealDeal.com)
- "Major Facade Fix at [Landmarked Co-op] 2 Fifth Ave." by Albert Amateau (The Villager)
Buying and Selling...
- "Memo to First Time Buyers: How to Avoid Closing Cost Sticker Shock" by Ronald H. Gitter (CoopAndCondo.com)
- "NYC Renovation Chronicles: Restore or rip out pre-war details?" by Yoel Borgenicht (BrickUnderground.com)
- "That Maxim about the First Offer Proves Correct" by Malcolm Carter (Service You Can Trust blog)
- "Ants-y Over Invaders" in her Upper East Side co-op with an authoritarian board, by Cindy Adams (New York Post)
- "Famed Director [Harold Prince] Sells His Co-op" by Josh Barbanel (The Wall Street Journal)
Board Issues from Around the Country...
- "Condo Association Settles Civil Rights Allegation Its Actions Forced Woman with Lung Illness to Park a Mile Away from Her Residence" by John Barna (Gloucester County Times, N.J.)
- "[Condo's] Property Manager Accused of Shady Business" by Kris Van Cleave (WJLA-TV, Washington, D.C.)
- "Feds Hunting Myrtle Beach Con man in [Condominium] Fraud Cases" by David Wren (The Sun News, Myrtle Beach, S.C.)
- "Stockton Springs, Condominium Owners Group at Odds over $6.4 Million Lawsuit" when town council claims condo association cannot file for tax certiorari for owners, by Abigail Curtis (Bangor Daily News, Maine)
- "HOA Threatens to Fine Military Mom for Tribute to Troops" by Cliff Pyron (WWAY-TV, Wilmington, N.C.)
WebCitation archives:
"Hoarder" • "Rector Square" • "2 Fifth Ave." • "Sticker Shock" • "Renovation" • "Maxim" • "Ants-y" • "Harold Prince"• "Lung Illness" • "Shady Business" • "Fraud" • "$6.4 Million Lawsuit" • "Military Mom"