Skip Navigation
StreetEasy

Sale at 12 Wooster Street #4

Started by Elleinad85
about 13 years ago
Posts: 114
Member since: Jul 2011
Discussion about 12 Wooster Street #4
When the listing says, "This sale is subject to 3rd party approval." I looked up the possible reasons: bank owned/short sale or some type of estate/trustee as a third party. What else could "3rd party approval" mean? And are the only potential complications timing? Thanks!
Response by truthskr10
about 13 years ago
Posts: 4088
Member since: Jul 2009

Looking up the current owner on ACRIS suggests another reason.
The owner was a hedge funder involved and in trouble for insider trading. He has the same name as another friend of mine and we all thought it was our buddy that got in trouble, that's why Im partially familiar with it.

It's like a branch of the government has to sign off on the deal to make sure it's arms length and a reasonable offer.

No big deal but just make sure you have an intelligent lawyer for closing if buying.

Ignored comment. Unhide
Response by truthskr10
about 13 years ago
Posts: 4088
Member since: Jul 2009

edit.."It's likeLY a branch.....

Ignored comment. Unhide
Response by Elleinad85
about 13 years ago
Posts: 114
Member since: Jul 2011

Thanks!

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Cost to Build Affordable Housing
    29 Comments
  2. Why private school?
    14 Comments
  3. Proprietary lease expiration
    9 Comments
  4. the kids aren’t buying
    22 Comments
  5. Mamdani heading towards raising property taxes
    192 Comments