Ask an Expert: Corrupt board president, kickbacks, and a leaky roof

… the president of my coop board for the last 14 years is in cahoots with the management firm pushing through … is found to exist from time to time most managing agents and board presidents are hard working honest people  … right to remove directors either at the annual meeting or a special meeting called for that purpose Check your operating …

By Teri Karush Rogers |August 17, 2011 - 7:55AM
Downturn could be scaring your sponsor straight

After reporting last week about a new law aimed at freeing coop and condo owners from selfdealing contracts struck by sponsors we became curious not only … all in a recession isnt there more incentive than ever for sponsors to line their pockets at the expense of …

By Teri Karush Rogers |September 9, 2010 - 6:30AM
Tell me more: Sponsor sweetheart deals targeted by new disclosure law

… In a flurry of billsigning this week Governor Paterson enacted … to alert residents about their right to cancel sweetheart contracts within two years after the sponsor loses control … of the board Often the time to void the contracts expires before members of a condo or coop board know they have this …

By Teri Karush Rogers |September 1, 2010 - 2:17PM