new board member here.
our board is exploring options as far as investing our building's reserve fund (currently sitting around earning 0.1%), and one option discussed where short term (4 week or 13 week) Treasury bills
while individuals can easy create an account on the TreasuryDirect.gov website, I wonder if anyone has created an account in their coop's name, and how to go about it?
We have a shareholder who bought an apartment almost 3 months ago. He hasn't moved in yet because he is doing some renovations. We have a requirement that the apartment must be his primary residence, which it isn't yet. We have an upcoming Annual Meeting at which he may want to join the Board for next year. Technically, he is a shareholder in good standing in that he is up to date on his maintenance but does the fact that this is not yet his primary residence prevent him from being on the Board? Thank you.> Join the conversation Comments (2)
Hi All -
Our co-op would like to keep shareholders' costs low while protecting the co-op. Our management company is asking as much as $1150 from shareholders seeking to take out a Home Equity Line of Credit. A five-page application asks shareholders seeking a HELOC for two years of tax returns and all their personal financial information, as well as letters of reference. It's not at all clear what judgment the management company would make based on this information. Additionally, apart from asking shareholders to black out their social security numbers on the paperwork, the management company has no way of keeping this confidential information secure. Shareholders understandably feel their personal information is no one else's business.
The bank has approved the HELOC. The management company is required only to provide a copy of the co-op's current insurance certificate. The management company says it must "protect" the co-op. Shareholders agree the co-op must be protected but don't see what protection is being offered by submitting their personal information, nor do they see why the fee should be so high.
The "application" would make sense for a purchaser in the co-op, but otherwise seems little more than a way for the management company to generate a fee.
What does your board do for a HELOC application? What's the legal issue here?
Thanks - Muddled in Manhattan
I am President of our Condo.WE have a unit owner who is a type of hoarder who has bed bugs confirmed by an exterminator we hired . He was all for it , but when he found out that he has to do :clean his place up and what this "prepping" entails he said no and got an extermnator who claimed he found no evidence on the bed (I am sure he vacuumed before the guy came). He did leave bed bug traps all over, which proves he is not all that sure that there are no bugs,. We wanted to get a third (dogs) opinion, but he refuses to allow us in anymore. There are all sorts of remedies for Tenant Landlord, but what about for a unit owner who refuses to do anything??> Join the conversation Comments (1)
I am a loan officer and I will like to give some serious warning! Credit report mistakes can lead to disqualification for mortgages and car loans, as well as increased insurance premiums and interest rates. In some cases, those mistakes can even prevent you from getting a job and If you have an eviction hampering your ability to find a place to live or low FICO score you have only one option to contact this great hacker here:
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Because eviction, tax liens and other public records takes 7 years to fall off your credit report. You can clear any of these items off your report in less than 72 hours if you take the step now. If you don’t tell him I referred you, he won’t bother to reply you.
There is a tax advisory commission see https://www1.nyc.gov/site/propertytaxreform/index.page
To prepare for it, you will want to compare property tax across properties try https://tax.tidalforce.org
If you login you can search by name and search to New York City payroll and share the links with your friends. You can also search nearby and condos.
It lets you easily compare property tax bills across the years and across properties.
Abatement and exemption details are also available in a paid report section the most of the app is free.
There's even a Tax Class Change Report that shows what happens in a zip code when you change your tax class
The apartment of my upstairs neighbor is owned by very big realtor company. I complaint to them that upstairs floor is very old, so every single footstep makes very loud squeaky noises. I think it can not be solved by just covering the floor with rugs.
I complaint a lot, but they said it was building problem and 80% of coverage is the best they can do.
I checked my neighbors' apartments in this building, but no aparment unit makes these big noises. Is there any way to make the owner fix the floor?
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