Asked by Young Home Buyer, New York, NY • Sun Dec 2, 2007
I currently have a job that does not pay alot, and my new job will not be starting for about 6 months. I found a great apartment that I would like to buy and even though the bank would qualify me for a mortgage, I do not think the co-op board would approve me because of my low income. My parents have offered to buy the apartment for me. I know it probably varies from co-op board to co-op board, but in general would they allow my parents to buy the apartment for me even though they will not be living with me? Their financials are great and they can afford the apartment without my income.
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