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Bricktionary
What is a post-closing possession agreement and what are the risks for buyers and sellers?
… When you are buying in New York City a good strategy for beating the competition is to find out what the seller wants and be the buyer who meets their needs … to close more quickly than financed sales and cash buyers dont have to worry about purchasing before their mortgage …
What’s a condop? What do I need to know about buying there?
… When you are hunting for an apartment in New York City you may come across a listing for … Condops are mixeduse coop buildings with commercial or nonresidential space on the ground floor As a result they will … of condostyle ownership Their unique structure makes them complex typically consisting of three boards First is a …
What is a CEMA loan, and how can it reduce my mortgage recording tax?
… modification agreement or CEMA is a loan only available to New Yorkers The most common CEMA is offered to those who are refinancing their mortgage In some unique cases it is also … and buyers do not qualify for a CEMA Other considerations Banks may charge flat fees or a percentage of the loan …
What is a community land trust? How does it help low-income buyers?
… every proprietary lease when the ground lease expires With a CLT the landlease is renewable We want to make sure … for Interboro CLT … New funding for Interboro CLT may help raise the profile of what these organizations do … site that facilitates affordable housing lotteries in new rental developments also manages a similar process for …
