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long island coops: Fisherman's Wharf West Babylon Real Estate Market Report For February 2010 - 03/01/10 09:46 AM

Fisherman's Wharf West Babylon Real Estate Market Report For February 2010
There were no newly listed co-ops and also no closed co-op units in Fisherman's Wharf for February. Only Under Contract.
In order to live at Fisherman's Wharf, you have to be approved by the Board. That is the last step before going to closing.
Fisherman's Wharf Requirements:
Maximum 3 to 1 Debt-To-Income Ratio (33%)15% down minimum (used to be 20%)Income Requirement: Taking a mortgage - $53,950.00 No Mortgage - $44,141.00
 
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long island coops: Coops On Long Island Are Still Affordable - 10/29/09 09:16 AM

Coops On Long Island Are Still Affordable I owned a co-op for 7 years. I was newly divorced and didn't want the whole large property thing. That would mean spending less time with my then 7 year old son and more time mowing, weeding, and shoveling snow, which is not exactly one of my favorite past-times to begin with.
With co-ops, you own shares, not the unit and property.Co-ops do well on Long Island because empty-nesters also want to do less maintenance.
It's affordable to the newlywed couples out there and single career women and men and it's still an … (0 comments)

 
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Jackie Connelly-Fornuff Century 21 AA Lindenhurst NY

Lindenhurst, NY

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Lindenhurst NY Real Estate Agent

Address: 1596 Straight Path, Lindenhurst, NY, 11757

Office Phone: (631) 226-5995 x 242

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