Some people who can afford to pay all cash deliberately take out a small mortgage just so the bank will do the additional research.
Next, you go shopping for another apartment in a building that does not have issues.
Licensed Real Estate Salesperson
New York, NY
NMLS # 6395
Financing Kentucky One Home at a Time
depending upon the coop's financials, and percentage sold that will determine if any bank
will give you a mortgage. do you have a copy of the coop questionaire filled out?
if so take that to another bank and try. alternatively, you will have to pay cash, or find something
else. please feel free to contact me directly and I will try by best to help you find something else.
Either buy it all cash if you can or just look for a different co-op to purchase. You can also try going to a different bank. Some banks are stricter when it comes to co-ops than others.
If you want contact me, I know several mortgage bankers who may be able to help you. Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783