You are very welcome, good luck and if you need our help in selling it just let us know.
If you already have
an agent tell her to post it and forward it on to usas we may have a buyer for you.
With this enlightenment the shareholder will not require any loans whatsoever, and that is a grave relief.
Thank you again everyone!
When you sell you do not have to pay any closing costs up front. All your closing costs will be paid at the closing table from out of the proceeds of the sale. Hence, if you are only wanting to borrow money simply to pay for the closing costs, it is not necessary.
If you need to borrow the money for other things that is a different story. Based on the info you provided I think it would be hard to get a loan, but you need to speak to a mortgage banker or broker to find out for sure. If you want, contact me and I can refer you to one/some.
Your best bet may be to just sell the place as soon as possible. The market is very busy in Brooklyn right now so it is a good time to sell. There are several strategies you can take to effect a quick sale. Give me a call and I can share them with you! Good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
You could try to get a home equity loan - however, I believe Ann may be right you could pay it all at closing.
Is your coop listed with an agent now? if not please give me a call or email me directly I would love to come and see it and talk to you. additionally if you need the names of any attorneys i can give you some names
to call that can advise you exactly. the first consultation should alwyas be free by the way. Are you in new york city or brooklyn