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Escrow Accounts with Coops

(Image courtesy of Nick Youngson)

A common, but infuriating, occurrence in buying into a coop is putting money in escrow. After being subjected to the invasive, coop application and interview process, after their financial information has been exposed and reviews by strangers, buyers are told essentially “welcome to the building but we don’t trust . . . → Read More: Escrow Accounts with Coops

Tips for first time buyers

As a real estate attorney focusing on residential purchases in the brownstone Brooklyn neighborhoods of Park Slope, Bedford Stuyvesant, Bushwick and Ft. Greene; I often represent first time buyers. The market is still hot, and it can be difficult to compete with other buyers when sellers rule the roost and the entire process of purchasing . . . → Read More: Tips for first time buyers

Buying a co-op? Tips to understanding and passing the co-op board approval process

If you’re purchasing a co-op in Bushwick, Ft. Greene, Bed Stuy, Park Slope or any of the brownstone Brooklyn neighborhoods of NYC, you may have heard rumors about the sometimes intimidating process surrounding co-op board approval. As a real estate lawyer, I’ve seen a lot of crazy board situations and thought it might be useful . . . → Read More: Buying a co-op? Tips to understanding and passing the co-op board approval process

Coop vs condo, that is the question

Coop vs condo

Buying an apartment in New York City? If so, you’ll have a choice between buying into a co-op and buying into a condominium. These two forms of ownership appear similar–and in many ways they ARE similar—but there are important differences between them that can affect the price of the unit, the process . . . → Read More: Coop vs condo, that is the question