nyc coops: Typical NYC Coop Board Interview - 11/18/13 12:31 AM

 
Co-op ownership differs from that of Condominiums in that you own shares in a Corporation instead of holding Title to a piece of property.  The Corporation is governed by a Board of Directors.  It is this Board that establishes what the requirements are in order to purchase an apartment in their building. After board application package is submitted and reviewed, the board will request an interview.
 
Co-ops vs. Condos: Understanding Manhattan Housing Coop Board Requirements - What Coop Boards Ask For Buying A coop - Be Prepared The Co-op Board Interview: Tips to Help Pass a Coop Board … (9 comments)

nyc coops: Real Estate and Politics is LOCAL: In New York It's Called A "Flip Tax" - 10/27/10 04:18 AM
Update: 2/2011 REBNY (Real Estate Board of New York) saves Flip Tax
The Federal Housing Finance Agency (FHFA) is proposing a guidance (rule) that would restrict Fannie Mae, Freddie Mac, and the Federal Home Loan Banks from investing in mortgages in buildings with a Flip Tax (private transfer fee covenant).
WASHINGTON, DC–(Marketwire – October 15, 2010) – The National Association of Realtors® strongly supports the proposed guidance from the Federal Housing Finance Agency to prevent government-sponsored enterprises Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks from investing in mortgages encumbered by private transfer fee covenants.
In a letter … (23 comments)

 
Mitchell J Hall, Lic Associate RE Broker - Manhattan & Brooklyn (Compass) Rainmaker large

Mitchell J Hall

Lic Associate RE Broker - Manhattan & Brooklyn

Manhattan, NY

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Compass

Address: New York, NY, 10024

Office: 212-877-6268

Mobile: (917) 312-0924

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