Does a shareholder need approval from their co-op board to get a reverse mortgage?

… In most cases shareholders do have to ask their coop board for permission to get a reverse mortgage a type of loan aimed at seniors who want to tap the equity in their property The … a partner at law firm Herrick Feinstein Shareholders 62 and older who use their coop as their primary residence …

By Celia Young |October 30, 2023 - 2:30PM