Home Buying in 10451>Question Details

Gladys  Viru…, Real Estate Pro in Scarsdale, NY

When a co-op declines a person without ever interviewing them despite them having excellent credit, great down payment and was buying a fixer upper .?

Asked by Gladys Viruet, Scarsdale, NY Fri Mar 15, 2013

Doesn't co-op board have obligation to tell shareholder why the person was denied. She put it in writing but it was never addressed.
Rumors have it that board wants the unit for a friend.

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Answers

5
Gladys,

Its unfortunate but co-op boards do not have to give an explanation, the good news is that you are in New York and you do not need to be worried about this particular unit when there are plenty of good deals out there. If you need more assistance please feel free to give me a call so that I may better assist you.


Sincerely, 
Antonio Sanchez
Exit Realty Search
Licensed Real Estate Salesperson
3928 E. Tremont Avenue
CELL: 347-320-0673
FAX:    347-202-4966

antonio@exitrealtysearch.com
http://www.lovingmytown.com
0 votes Thank Flag Link Wed Oct 16, 2013
Income requirement is one I found out the hard way. Lots of these boards have income as one of there requirements and will not continue the process once they see the income.appliances/duplex. Call me if your still in the market 347-961-5394 or log on my website to view http://www.angelogonzalez.org
0 votes Thank Flag Link Tue Oct 15, 2013
Hello Gladys

Please give me a call, I would to ask you a few questions before answering your question.

Sincerely,

Dena Epps
Keller Williams Realty NYC Group
Cell phone 64688426442
Email: DenaEpps@kwrealty.com
Website: http://DenaEpps.kwrealty.com
0 votes Thank Flag Link Fri Mar 15, 2013
Unfortunately, co-ops have the power to do such things. Not sure that they actually have an obligation to notifying share holders the actual reasons why a buyer was denied.

If my response was helpful, consider clicking BEST ANSWER!

Javier Meneses
Senior Loan Officer
NMLS #23130
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
jmeneses@snb.com
(516) 606-9648
0 votes Thank Flag Link Fri Mar 15, 2013
Hi Gladys,

Unfortunately there is no requirement for the board to tell a potential purchaser why they were denied. If there is reasonable evidence of wrong doing, the purchaser should consult with an attorney about possible action against the building and the board.

Please let me know if you have any other questions.

Joe Greene
Broker/Owner
WEICHERT, REALTORS - House & Home
joegreene@weichert.com
http://www.WeichertWorks4U.com
(718) 432-5000 (Office)
(917) 974-2600 (Cell)
609 Kappock Street Suite 1A Bronx, NY 10463
0 votes Thank Flag Link Fri Mar 15, 2013
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