Subscribe for Daily Updates!
Hello!
I own an apartment in one of the coop buildings in Brooklyn and I am trying to sell my apartment for a few months already. As a result of the cooperative property management company failing to provide the bank with the required documentation, my buyers are not being approved for mortgages by the second bank. The management company has not provided the financials or tax returns for the year 2022-2023.
Despite asking for these for months already, they continue to state that their CPA is still working on finalizing them.
How normal is this? We are not only forced to continue paying maintenance and other fees for a unit we are no longer occupying, but also risk losing the sale as a result.
It would be greatly appreciated if you could provide me with some advice.
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Probably the easiest way to deal with this is to let your seller's attorney know about the problems you are encountering and let them dea with it. They probably run into these issues quite often and are trained with how to handle them. Your attorney also has the resources to move things along.
Good luck.
Thank you for rating!
You have already rated this page, you can only rate it once!
Your rating has been changed, thanks for rating!
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.