According to a recent investigative piece by the Orange County (Florida) Register , Fannie Mae is keeping a secret “blacklist” of condominium, HOA and cooperative properties which the federal agency has decreed that lenders should st…
While few would argue that regular, thorough building inspections are important for the safety of both people and property, the increasing number - and rising cost - of mandatory inspections has co-op and condo boards looking for more affor…
Q. I am a shareholder in a Mitchell-Lama cooperative. My question is this: If I have concerns about the results of the board of directors election, how can I get an independent person to recount the votes and confirm the tally? Management…
Q. My co-op board just voted to require all shareholders to buy homeowners insurance. I’d like to find out if that’s a common thing, but I don’t know who to ask. Thanks! —Is This Right? A. “Re…
Q. Can one condominium board member’s voice recording of the board’s closed executive session meeting be restricted by the board? —Inquiring About Privacy Issues A. “It is uncertain if this reader’s query is about whether a…
Q. Can a unit owner demand to see a copy of the monthly list of unit owners’ payments of the monthly HOA? —Owner Seeking Access to Docs A. “Yes,” says attorney Aaron Shmulewitz of the New York City firm of Belkin Burden Gold…
CooperatorEvents is excited to be back at the New York Hilton Midtown on Wednesday, May 10, from 9:00 am to 4:30 pm for this spring’s New York Expo! If you’ve joined us for previous shows, you know the Expo offers great opportunities for ma…
The governing documents of a cooperative, condominium, or homeowners association spell out the rules, regulations, and administrative policies that all residents and board members alike are obligated to follow as a condition of their reside…
As New York City—and the entire nation—confronts an epic housing crisis, everyone from lawmakers to activists to the private sector is struggling to figure out viable and equitable solutions. History shows us that in other tumultuous times,…
Board approval has been part and parcel of buying into an NYC co-op since the housing model was introduced in the late 1800s. Boards can demand troves of personal information from buyers, and can approve or deny a purchase for just about an…