TRUTH BE TOLD: The Podcasts from Coopandcondo.com
You Can't Be Serious: When Managing Agents Clam Up...
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Access to current information about a building, is essential to making an informed purchase. When a managing agent of a co-op or condo refuses to answer questions, the buyer is placed in a precarious position...
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Welcome to Sponsor World: What Developer's Don't Want You to Know
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Buying an apartment in a building in New York City yet to be constructed, presents a unique set of concerns and challenges. Make sure you understand what you are getting yourself into...
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Dude Didn't Do Due Dilly
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Rushing to sign a contract for a co-op or condo and not completing due diligence can have serious consequences...
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Avoiding Closing Chaos
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The most difficult part of a co-op or condo transaction can be getting the parties to agree on a closing date. Here's how to avoid conflict and have smiling faces at the closing table
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Unfinished Business: The Elusive Letter of Completion
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If an architect fails to obtain a letter of completion when a renovation is finished, an owner can be in for difficulties and delays when it's time to sell the apartment...
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The Annoying Loan Document
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Time to de-mystify the hype about the "Pre-Approval Letter". Although it may be love at first sight between the borrower and bank, a co-op or condo may not get the same reaction from a lender...
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Rules of Reason: Always Include a Funding Contingency
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Obtaining a loan is not as easy as it used to be. Banks can change their mind about making the loan even after a commitment letter is issued. The"funding contingency" is a useful contract tool to protect the borrower from disaster.
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