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building at 100 Newel Street

Started by jagent
over 8 years ago
Posts: 7
Member since: Oct 2009
This is a HDFC Building!
Response by skrufi
over 8 years ago
Posts: 57
Member since: Oct 2013

The listing agent for the one in contract told me that it was no longer part of HDFC. Is it possible that a coop can ignore the rules for so long that HPD loses track and doesn't enforce the guidelines? To my knowledge NO HDFC coop has successfully petitioned to get out of the program.

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Response by 30yrs_RE_20_in_REO
over 8 years ago
Posts: 9878
Member since: Mar 2009

In general it is left up to the Coop to enforce the rules and to my knowledge HDFC doesn't go around checking so there are more than a few Coops which not only ignore the rules, but don't collect or pass on the substantial flip tax.

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Response by InmanParkExPat
over 8 years ago
Posts: 8
Member since: Jun 2016

100 Newel is not an HDFC; they have no income cap, and little or no flip tax.

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