It has long been the law in New York that co-op boards could reject potential buyers without disclosing the reason. This is very frustrating to buyers and sellers… and real estate agents.
As a lawyer, I had a way to get the Board to disclose the reason for the rejection– by claiming discrimination to the NYC [...]
Archive for the 'Co-op' Category
Suffolk Passes Law Requiring Co-op Boards to Give Reasons for Buyer Rejection
Published by February 5th, 2010 in Co-op. CommentsGuest Post by Sarah Pappalardo, Editor of RealityonRealty.com
Times are tough for everyone, and there’s never been a better time to invest in a co-op with an edge in the market. No piece of land is as valuable as a co-op full of sex workers. The group, has been aggressively searching for a home during the [...]
Madonna Sues Her New York Co-op Board
Published by December 7th, 2007 in Co-op, Hot News, Legal and New York real estate news. CommentsPop icon Madonna has reportedly filed suit against her chichi Central Park West co-op Board for blocking her purchase of her neighbor’s apartment, which apartment she intended to combine with hers. She has filed suit in Manhattan Supreme Court seeking to overthrow the Board’s decision.
I have not seen the court documents, but, as [...]
NAR Reports Sales Down Nationally
Published by November 27th, 2006 in Co-op, Condo, Home sales, Residential Real Estate and Studies & Stats. CommentsNAR released its turkey of a sales report for the third quarter last Monday, while we were out buying our birds. Your local market may be rosy but the big picture shows the bloom fading nationally as winter approaches. Bundle up folks, it’s going to be cold out there.
Nationally, the total numbers for sales [...]
The Secret Of Real Estate Contract Escape Clauses
Published by August 28th, 2006 in Buyers, Co-op, Legal, NYC Real Estate, New Construction, Residential Real Estate, Sellers and Tips & Useful Links. CommentsHere are real estate contract escape (contingency) clauses buyers and sellers need to know. For sellers who must close on their home in order to buy a new one, it is imperative to understand how these clauses work before signing a sales contract. The ability to negotiate these is dependent on, among other things, [...]
New York City Co-op Sales Prices Are Now Public
Published by August 2nd, 2006 in Co-op, NYC Real Estate, Residential Real Estate and Search. CommentsBoth Property Grunt and Curbed have the links and the scoop on how a new law that was just passed which allows for recent New York City Co-op sales prices to be (are) available for free to the public via ACRIS.
What does this mean for Consumers?
Consumers can now do their own homework on recent sales [...]
