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• 1. J

     financing rules in coops

     What is the name of your state (only U.S. law)? NY hi, I am a shareholder in a coop that based on a supposed bank (financing) requirement only allows 25% rentals (we are 16 apartments so 4 rentals max.) We are 5 people trying to rent, which means 1 will not be allowed and will have to sell in...

     • jipp
     • Thread
     • Jan 20, 2012
     • Replies: 3
     • Forum: Mortgages, Refinancing & Foreclosure
  2. J

     co-op sublet rules

     What is the name of your state (only U.S. law)? NY Hi, I am a shareholder in a coop in NY. I have recently rented my apartment asking for permission for 1 year extendable to 2. 4 homeowners did the same in a building with 16 apartments and recently a 5th came forward. the board feels that no...

     • jipp
     • Thread
     • Jan 20, 2012
     • Replies: 6
     • Forum: Condos and Co-Ops