Co-ops
… Even if you are a wellqualified New York City buyer with good credit and money in the bank you can have trouble getting a mortgage for an apartment if there are issues with the building A … close on a coop or condo apartment where there is an open tax liena situation that could come about if the seller has …
… some things inevitably need fixing But it can be difficult to know what are you responsible for and what your building … For example you may need help figuring out whose job it is to replace the windows Or what the boards role is if theres … on whether you own in a coop or a condo building When you buy a condo you own the property and get a deed A coop …
… If youre looking to buy a coop in New York City the term sponsor unit may have caught … advantage of buying a sponsor apartment In a typical coop purchase the application process can be highly invasive …
