Hi John, I grew up in Port Chester and currently live in Rye. I'd be interested in learning more about he coop and seeing if we can work together. I will call you tomorrow or you can call me directly 914 406 9023...
This is in reference to 4 & 1/2 Room Coop in Forest Hills that I posted on August 15th at about 6:15pm..I am the owner...We do not live in the area but if you contact the agent, please tell him that it is in the Meadow Lake in Forest Hills apt# 4-O building does have an elevator a new large Laundry Room with Clothing folding area...... more
I hhave been doing short sales for quite awhile and very successfully. Each case takes on its own life depending on the circumstances and the hardships. Also, a skilled negotiator is required in dealing with the bank once the short sale package is prepared. To answer your questions, yes it is possible not to have a deficiency note and be free of any obligation.
Co-ops, at least in the New York City Metro area (of which Queens is a part of) have the right of 1st refusal when it comes to selling shares. You should ask your co-op if they are interested in purchasing your co-op for $145,000. If not are they willing to at least match the $115,000.00 offer you rec'd? If they say yes, sell it to them. If not, review the "new rule" and speak to your attorney. Certain major rule changes can't be made by your board of directors and actually requires a majority (often 66%) of the shareholders to implement.... more