Sometimes the future seems like it’s an awfully long way away. If a roof is going to last 30 years, why should we worry about it today? Same with that shiny new boiler or that flat, crack-free pavement just poured two summers ago. Eventuall…
While for many laypeople cooperatives and condominiums are essentially interchangeable, from the legal point of view they are radically different institutions. Much of this difference can be attributed to history. Co-ops have …
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 …
Good information and clear communication are crucial for anyone involved with the administration of a cooperative, condominium or homeowners association—crucial not just to thriving, but surviving in today's challenging economic times. …
Given the state of the economy and the real estate market, a novel issue is whether when a bank conducts a foreclosure sale on the shares relating to a cooperative apartment (without a judgment of the court), the successful bidder is su…
To paraphrase Sy Syms, "an educated board member is a lender’s best borrower!" That concept underlies all of the articles I have written about co-op financing. Since my last article for The Cooperator ("Dial ‘M’ for Mortgage," December/Janu…