Notwithstanding the value of the co-op approval process, I can offer this unsolicited advice: it needs a re-write. It hungers for simplification, modernization and greater time efficiencies.
Read Whole Story
Rather than reverse a rejection, it's much more common for a board to ask for more information before rejecting, giving buyers a chance to allay anxieties or correct inaccurate or incomplete information.
At a time when the complexity of a basic residential real estate transaction has increased geometrically, could the presence of an attorney in the process actually be optional?
Free will can be significantly limited when living in a co-op or condo. The co-op or condo owner is required to submit to rules that are not expressly stated or come into existence after the purchase.
Gretch, who owns the upmarket urban pet-services purveyor It's a Dog's Life, has been prepping dogs for their co-op board interviews for about two yea...
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements. Learn more.