Hello Alex
How are you doing? Great question. And the answer is yes the banks do require a coop questionnaire to be filled out by the Management Company so they can access the details of that particular coop. It is usually requested by the bank after contracts have been signed.
Some managements will have a fee for the coop questionnaire and it is at times requested by the appraiser that the bank will be using to do the appraisal of the subject property.
Got Property? Get Egen! Have questions? Get Egen! - Wed Aug 5 2009, 11:31