After condo declaration and tax lot assignment
Started by GVParkSlope
over 10 years ago
Posts: 0
Member since: Jul 2014
Discussion about
This past Monday June 29th we received the good news that the appraisal turned out to be good. We are buying a new construction apt in Park Slope. We were thinking we would be able to close by mid-July but we were told the condo declaration and tax lot assignment had yet to be done. The seller broker told us it was going to take 30 days or more. We are not sure about the timeline after that is taken care and if this process actually takes 4 weeks or longer. Has anyone gone through this? What steps did you go through after that was done from the purchaser perspective?
I purchased in a new construction building several years ago. The closing was delayed by this for a couple of months by this. Fortunately I took a mortgage through the bank the builder was using to mortgage the apartments he decided to keep as rentals (less than 20%). I didn't have problems with the bank over delays in the closing.