I'm living in a four unit condominium in NewYork, NY. I own one of the condo's (I am one of the board members as well). The president of the board of my condominium is blocking the certificate of occupancy procedure. Which we didn't have for 8 years. We had a management company during that time as well who didn't get it because of so many excuses. This management company was also robbing us and we... [more]
I'm living in a four unit condominium in NewYork, NY. I own one of the condo's (I am one of the board members as well). The president of the board of my condominium is blocking the certificate of occupancy procedure. Which we didn't have for 8 years. We had a management company during that time as well who didn't get it because of so many excuses. This management company was also robbing us and we fired her six months ago. That is another situation. But the current situation is that I have a pending sale. My buyers got their mortgage approved and now I can't do anything because I don't have a CO (certificate of occupancy). After research, we were told all we need to do is hire a engineer/architect to come in building to walk through all apartments to get the process started. The president just left and won't be back to America in two months which I will lose my sale!
What are my rights! I can't allow this happen because of personal agendas. Selling this property is for my retirement so I can leave NewYork and move. He is holding up my life.
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Response by baummm
over 8 years ago
Posts: 12
Member since: Jul 2016
Sorry to hear of your troubles! Has your real estate attorney opined on the matter?
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Response by Igorky
over 8 years ago
Posts: 3
Member since: Jul 2016
Wow, that sounds horrendous!! How come you have no power as a board member while he does? A lot of banks won't lend without a C of O, but some will.
How much were you paying your management company by the way? I have a few very incompetent ones as well.
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Response by fieldschester
over 8 years ago
Posts: 3525
Member since: Jul 2013
This is a brownstone? what floor?
What neighborhood is this in?
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Response by fieldschester
over 8 years ago
Posts: 3525
Member since: Jul 2013
Also, you refer to this U.S. as "America". What is your status here?
The condo prez, what country has he or she gone to? is it the person's country of heritage, or no? Does it have Western values?
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Response by 30yrs_RE_20_in_REO
over 8 years ago
Posts: 9878
Member since: Mar 2009
I am sorry to hear about your problems, but this is something that your broker should have told you to get taken care of before putting the unit on the market.
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Response by 300_mercer
over 8 years ago
Posts: 10570
Member since: Feb 2007
milanom, You can get the temporary certificate of occupancy which is sufficient to get a bank to finance. If your building does not even have temporary CO, it is not a simple process. At least one month to get temporary assuming you had a temporary CO in the recent past. You need a competent expeditor hired by the building to give you precise answers. Permanent CO can take 3-6 months.
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Response by LuxuryBroker
over 8 years ago
Posts: 66
Member since: Jul 2017
Tough to have neighbors, especially in a city like there where there are so many, aggressive and passive aggressive wannabe type A personalities around. Sad!
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Response by johanna_sourbeer_1790404
over 8 years ago
Posts: 12
Member since: Sep 2015
I had a sale blocked when I was the buyer. It turned out the board member causing the delays wanted to buy it for himself at a discount. Hopefully the other board members can work with you
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Sorry to hear of your troubles! Has your real estate attorney opined on the matter?
Wow, that sounds horrendous!! How come you have no power as a board member while he does? A lot of banks won't lend without a C of O, but some will.
How much were you paying your management company by the way? I have a few very incompetent ones as well.
This is a brownstone? what floor?
What neighborhood is this in?
Also, you refer to this U.S. as "America". What is your status here?
The condo prez, what country has he or she gone to? is it the person's country of heritage, or no? Does it have Western values?
I am sorry to hear about your problems, but this is something that your broker should have told you to get taken care of before putting the unit on the market.
milanom, You can get the temporary certificate of occupancy which is sufficient to get a bank to finance. If your building does not even have temporary CO, it is not a simple process. At least one month to get temporary assuming you had a temporary CO in the recent past. You need a competent expeditor hired by the building to give you precise answers. Permanent CO can take 3-6 months.
Tough to have neighbors, especially in a city like there where there are so many, aggressive and passive aggressive wannabe type A personalities around. Sad!
I had a sale blocked when I was the buyer. It turned out the board member causing the delays wanted to buy it for himself at a discount. Hopefully the other board members can work with you