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Do HDFC co-op boards require liquidity?

Started by Steven_D
over 8 years ago
Posts: 3
Member since: May 2017
Discussion about
Preferably from HDFC boards or those who bought in HDFC buildings: Do HDFC co-ops typically require much or *any* post-closing liquidity? If so, how much? I'm thinking it can't be more than maint and/or mortgage for 2 years.
Response by skrufi
over 8 years ago
Posts: 57
Member since: Oct 2013

I bought into an HDFC building in Greenpoint. They didn't require post-closing liquidity, but showing that I had two years worth certainly strengthened my lowball offer. I think that it really depends upon the building. Your broker should be able to find that out for you if you've honed in on a specific co-op.

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Response by semerun
over 8 years ago
Posts: 571
Member since: Feb 2008

This will depend on the building. I have seen many HDFC's that have little or no post closing liquidity requirement, while some require 2 years. Most common is 6 months to 1 year.

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