September 17, 2012
Recent news affecting co-op / condo buyers, sellers, boards and residents. This week, New York City cracks down on people illegally turning their apartments into hotel rooms. On the other hand, state legislators want to soften ILSA, the federal Interstate Land Sales Full Disclosure Act that helps protect condominium buyers from bad developers — allegedly like the one the condo board at On Prospect Park is suing. Plus: What's an ongoing assessment, and how did the co-op board shut up that rooster? And Cynthia Nixon may no longer be your co-op neighbor, but David Duchovny might be your new one. The truth is out there — or it will be at the admissions interview.
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Co-op and condo board business broken down into bite-sized bits - 2 stories each week. Read now on all digital devices.