Admissions committees of Coop Boards have the right to accept or reject those who apply to become owners of a Coop in their building. The theory here is to make sure that their neighbors are people of good character with the financial ability to keep up with the monthly payments that will be required of … More Red Flags to Boards on Coop Applications
So you are selling your Coop and are scheduled to close on the sale in one week. In searching your files you are unable to locate the stock certificate and proprietary lease for your unit. These documents together signify your ownership of your Coop. It is crucial to notify your attorney as soon as you … More Where is My Stock and Lease?