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

… Even if you are a wellqualified New York City buyer with good credityou to back out of a deal without penalty if your mortgage doesnt come through and waiving this can be risky Your … occupancy C of O can throw off your mortgage process Banks need at least a temporary certificate of occupancy TCO to

By Brick Underground |November 11, 2025 - 4:00PM
What repairs are co-op and condo owners responsible for, and what do buildings take care of?

… inevitably need fixing But it can be difficult to know what are you responsible for and what your building is on the hook for For example you may … 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 …

By Brick Underground |August 26, 2025 - 9:30AM
Buy a co-op at a discount: All about HDFCs and how to get one

… housing in New York City typically refers to rentals but what are the options for buyers One socalled budget route to home ownership is … Fund Corporations They have strict income caps for buyers are priced below the market rate and are an appealing …

By Evelyn Battaglia |August 11, 2025 - 10:30AM
Here are 8 real co-op board reference letters from successful buyers

… coop is a lot like applying for a job Not only do you have to qualify with a pile of documents but you also have to … a standup neighbor and an asset to the community  This is where references come in provided in letters from close … your ability to handle conflict and resolve it to improve the situation of others     … 8 Try to create a …

By Brick Underground |August 1, 2025 - 9:30AM
The pros and cons of buying a co-op sponsor unit: You don't need board approval, but you'll likely pay a premium

…   So if the loan amount is conforming up to $1209750 in NYCthen its possible to get as much as 97 percent financing … necessarily in keeping with what you would do yourself Some buyers find themselves rerenovating within a couple of … has a significant vested interest and remains involved Some buildings actually benefit from the expertise and …

By Celia Young |July 24, 2025 - 11:30AM
Why I returned to NYC from Miami: ‘Constant heat, humidity, and sunshine is not my jam’

… building in West Chelsea a neighborhood where he used to live Heres his story as told to Kelly Kreth I was born and … about why a renter or buyer decided to take a chance on NYC check out other articles in the series I was lucky … didnt like the white tile throughout and I would have loved some NYClike character like real wood floors and more …

By Kelly Kreth |June 6, 2025 - 9:30AM
What’s a condop? What do I need to know about buying there?

… shared spaces including common hallways or laundry rooms What to know about buying or selling a condop in NYC Multiple boards add … specific to the residential spaces such as common hallways  Buyers should do their due diligence Having different boards …

By Evelyn Battaglia |May 6, 2025 - 10:30AM
How to buy a Hamptons hotel condo or co-op as an investment property

… property can require a lot of work You need to find renters and maintain the property not always an easy feat … condo or coop you own the apartment and you or anyone who rents your place can enjoy the hotels amenities as well as … Shores a yearround resort consisting of 45 townhousestyle apartments situated along the Napeague Stretch between …

By Evelyn Battaglia |April 29, 2025 - 10:30AM
What is a community land trust? How does it help low-income buyers?

… The key to understanding what a community land trust is right in the name said John … of the property This protects the property from speculative buyers he explained The whole point is to ensure the … make sure the housing is always affordable to lowerincome buyers Its a mechanism to ensure affordability Dallas said … …

By Jennifer White Karp |February 25, 2025 - 2:00PM