Co-op / Condo News: ILSA Likes Us! But Someone Doesn't Like Madonna....
New York, NY, Sept. 12, 2011 — Recent news affecting co-op / condo buyers, sellers, boards and residents.
Big news for condo buyers feeling burned by new-construction developers: A judge has rules that the federal Interstate Land Sales Full-Disclosure Act (ILSA) does offer consumer protection in New York State. Yay! In other legal news, a court says a former co-op neighbor of Madonna's is allowed to sue the singer over noisiness. Plus: We've a head's-up on 10 Manhattan co-ops about to be auctioned and, for condo / co-op board members, news of alleged embezzlers and of going LEED-Platinum in ... the South Bronx? Yeah, baby! New York's back!
Read all the latest co-op / co-op news for buyers, sellers and board members in Habitat's weekly Monday News Roundup.
Co-op / Condo Buying, Selling, Living...
- "W Downtown Ruling Could Be Last Word on ILSA Law in NY" by David Jones (TheRealDeal.com). See also Habitat article "Condo Buyers Beware: Court Rules No Recourse on Developers' Foot-Dragging"
- "Ask an Expert: My lot-line windows are about to vanish. Do I have to tell buyers?" by Teri Karush Rogers (BrickUnderground.com)
- "The Aftermath of a Tropical Storm / Is There a Super in the House?" by Jay Romano (The New York Times)
- "Madonna Sued for Being Loud CPW [Co-op] Neighbor" (TheRealDeal.com) and "Judge Allows Neighbor's Noise Lawsuit Against Madonna to Go to Trial" by Dareh Gregorian (New York Post)
- "10 Manhattan Co-ops to Be Auctioned Sept. 27" by Malcolm Carter (Service You Can Trust blog)
Co-op / Condo Board Issues...
- "New Charges Filed in Embezzlement Case Against Chester Couple" who were bookkeepers for a board, by Don Lehman (The Post-Star, Orange County, NY)
- "Case Study: LEED-Platinum Co-op Hits All the Right Notes" by Jennifer Goodman (EcoHome)