Not everybody on a co-op or condo's board is an accountant (or can even balance their own checkbook, for that matter.) No doubt, handling large amounts of money for an entire building is a huge responsibility. Residents, therefore, rely…
When the bank took back a Harlem condominium, the rest of the building's residents were stuck with years of unpaid arrears by the former resident. “There was a tremendous amount of arrears from about three or four years already accruing…
The 2011-12 legislative session is on in Albany as this article is being written, and bills of all kinds are being considered—including some with implications for co-op and condo owners and administrators across the state. Housing is al…
In today’s legislative world, housing is a big item. Rent-payers, condo owners, co-op shareholders, and developers all have their particular interests—and they don’t necessarily mesh. In the meantime, the ongoing recession threatens all …
One of the biggest issues in the real estate industry over the past year has been the speculation that government-sponsored mortgage programs Fannie Mae and Freddie Mac will be ending. For the past 70 years, Fannie Mae and Freddie Mac …
While the economy sputters along and unemployment rates remain steady at more than nine percent, there doesn't seem to be much call for celebration—but all is not gloom and doom. The real estate market has been one of the most notable c…
Although the budget and tax cuts occupy the public agenda in these recessionary times, housing is still as big an issue as ever. Many housing-related bills, including those specifically related to co-ops and condos, have been introduced…
Since its launch in 1987, The Cooperator's annual Co-op & Condo Expo has become a fixture on the business calendar of vendors, service providers, board members, building staff members and residents all over the tri-state area. Each year…
Co-op, condo owners and board members understand certain truths; one is that whether aesthetic, mechanical or otherwise, every building will require repair, upgrades and improvements. Determining what is a capital project versus what is…
Unit owners attempting to sell their apartments may find that prospective purchasers are encountering difficulty in obtaining a mortgage if their property is not approved by Fannie Mae. When these unit owners have difficulty selling th…