Tag: Mortgage

Finance The Tax Act of 2017
2018 July The Tax Act of 2017

The Tax Cuts and Jobs Act of 2017 represents the first major restructuring of federal income taxes since 1986, and ushers in serious changes to how co-op, condo, and HOA owners will benefit from home ownership. In many cases, the new law wi…

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Finance Underlying Mortgage Refi
2018 July Underlying Mortgage Refi

Home comes in many shapes and sizes. Some prefer the elegance of prewar apartment buildings, while others lean towards the high-tech brilliance of a brand-new building. And there are those who like the small-town, neighborly feeling of a br…

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Finance The Lending Landscape
2017 April The Lending Landscape

Today, some eight years after the Great Recession, financing for co-op and condominium buildings and individual unit purchases is widely available.  The market is overall quite healthy, and though there have been some systemic changes to th…

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Finance Financing Investor-Held Condominium Units
2017 April Financing Investor-Held Condominium Units

Like single-family homes, condominium units tend to be owner-occupied. Financing for these units therefore tends to follow traditional guidelines and requirements centered on owner occupancy. But what happens when a condo unit is held as an…

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Finance Financing Investor-Held Condominium Units
Financing Investor-Held Condominium Units

Like single-family homes, condominium units tend to be owner-occupied. Financing for these units therefore tends to follow traditional guidelines and requirements centered on owner occupancy. But what happens when a condo unit is held as …

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Finance Collecting Arrears
2016 July Collecting Arrears

The majority of co-op and condo residents pay their monthly maintenance fees on time and in full with no problem. The recent recession, however, changed the picture drastically for residents who found themselves laid off, under-employed, or…

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