Tuesday, August 6, 2013

REFUSAL BY CO-OP BOARDS

Two articles which highlight the issues faced by both Sellers and Buyers of co-op apartments - particularly in the higher price market:

http://www.nytimes.com/2012/10/14/realestate/co-op-boards-to-buyers-nah-not-at-that-price.html?pagewanted=all

http://nypress.com/mixed-support-for-co-op-bills/

Basically, although they are not allowed to illegally discriminate, co-op boards aren’t required to disclose the reasons they reject applications.

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