6 reasons why your mortgage application might be denied or delayed that have nothing to do with you

… there are issues with the building  A missing certificate of occupancy  a buildings lack of  reserve fund a low … to waive the mortgage contingency  to compete with allcash offers A mortgage contingency allows you to back out of a … like this Feldman said a bank might secure an indemnity letter where the buildings property manager acknowledges …

By Brick Underground |November 11, 2025 - 4:00PM
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

… If youre looking to buy a coop in New York City the term sponsor unit may have caught your eye … is acceptedand assuming you can get a mortgage if you are financingyou wont need further vetting   Buying in a … give the place character that can otherwise be difficult to find  On the other hand its possible the units arent in

By Celia Young |July 24, 2025 - 11:30AM
What’s a condop? What do I need to know about buying there?

… When you are hunting for an apartment in New York City you may come across a listing for a condop particularly if you are searching for sponsor coops A … prospective buyers about how the boards work  … What you need to know before buying a condop … Condops often have …

By Evelyn Battaglia |May 6, 2025 - 10:30AM