Co-op / Condo News: Attorney General No Longer Prosecutes Escrow Cases
Feb. 18, 2013 — Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, in a decision impacting countless apartment-buyers, the Attorney General's office says it will no longer deal with co-op and condo deposit disputes. We've an analysis of the landmark co-op / condo tax case decided recently, and a report on condo owners protesting a loud club downstairs. Plus, for condo and co-op boards, a bonanza of stories this week, from narcs to NORCs.
Read all the latest co-op /condo news for buyers, sellers and board members in Habitat's weekly Monday News Roundup. Also included: Permanent archival links: If a link ever goes dead, you'll still be able to read the backup at WebCitation.org.
Co-op / Condo Buying, Selling, Living...
- "In Major Departure, AG Will No Longer Oversee [Co-op and] Condo Deposit Disputes" by David Jones (TheRealDeal.com)
- "Co-op Owner Wins Casualty Loss Appeal" by Peter J. Reilly (Forbes). See also Habitat article "Castle Village Wins Tax Case on Appeal, Allowing Deductions After Catastrophe"
- "Finance Dept. Bases Condo and Co-op Taxes on Fiction" by Bob Friedrich (Op-ed, TimesLedger Newspapers, Queens)
- "Manhattan New Condos Raise Prices Monthly as Demand Soars" by Oshrat Carmiel (Bloomberg.com)
- "After the Board Interview, a Title Search Bombshell" by Elle Bee (BrickUnderground.com)
- "LES Residents Infuriated by Bowery Triplex Venue The General, Bow, and Finale" Anne Saunders (Gothamist.com) 187 Bowery, 199 Bowery
- "Ask an Expert: Can I get approved for a wet-over-dry renovation before I buy?" by Teri Karush Rogers (BrickUnderground.com)
- "Out and About: It’s hard to fill in the blanks" when looking at an unoccupied apartment for sale, by Malcolm Carter (Service You Can Trust blog)
- "River House Lightens Up About the Whole 'Never Speak Our Name' Thing" by Kim Velsey (The New York Observer)
Co-op / Condo Board Issues...
- "Sen. Charles Schumer Seeks [HUD] Aid for [Boards of] Sandy-Damaged Co-op and Condos" by Clare Trapasso (New York Daily News)
- "The Ethicist: Gym Rat," on whether a co-op committee-member should inform a potential buyer of construction about to be performed directly below the apartment, by Chuck Klosterman (The New York Times Magazine; scroll to second item)
- "Sun City It’s Not," on boards addressing NORCs and the needs of aging homeowners, by Constance Rosenblum (The New York Times). See also Habitat article "Greying Area: Adjusting as Residents Grow Old and Infirm"
- "Dealing With an Illegal Sublet / A Hallway Smells of Marijuana" by Jay Romano (The New York Times)
WebCitation archives:
Major Departure • Co-op Owner • Finance Dept. • Manhattan New Condos • Board Interview • LES • Ask an Expert • Out and About • River House • Sen. Schumer • The Ethicist • Sun City • Illegal Sublet / Marijuana