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Boards
Assessment of applicant's financial standing
Updated almost 10 years agoI am in the process of purchasing a unit in a coop building in NYC. My debt service ratio is 28%, and my post closing liquidity is about 6x. How flexible are boards... -
Boards
Liquidity Requirements
Updated about 10 years agoWe're looking for a co-op on UES. We've run into the issue of putting in very solid offers (offer ask, etc.) where we would have more than 2 years of... -
Boards
The Board at 230 West End Avenue
Updated about 10 years agoI would recommend being very cautious about buying into this building. If you do your checking, you will see that all or most of the units 'for sale' now were 'in... -
Boards
buying into 230 West End Ave.
Updated about 10 years agoI would recommend being very cautious about buying into this building. If you do your checking, you will see that all or most of the units 'for sale' now were 'in... -
Boards
Pied a Terre
Updated about 10 years agoOur building has allowed people to use their apts as pied a terre. Now the Board has said they will no longer allow us to sell to anyone who wants to use it as such. ... -
Boards
Do all Condo Boards have managing agents?
Updated about 10 years agoI was told: Condo boards are surrogates that managing agents manipulate to control buildings. Managing agents charge a “management” fee and also benefit from an... -
Boards
Auctions / Board Approval
Updated over 10 years agoHi, I recently won an auction for a co-op that was previously REO'd. My question is, will I need board approval to close on the property?