Why do some coops require 20% down and some 10% down?

Asked by Fernando, Wed Jan 28, 2009

Help the community by answering this question:

+ web reference
Web reference:

Answers

1
Owen Clinton, , Queens, NY
Wed Jan 28, 2009
Usually (at the discretion of the co-op board), it assures a financially secure purchaser for the buy-in. The board may wish for the most financially secure purchasers, coupled with other criteria when accepting prospective co-op owners.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more