What's a reverse mortgage—and how common are they in NYC?

… a proprietary reverse mortgage which is governed by state law according to the New York State Department of Financial … assetsto cover the remaining balance You should consult a lawyer financial advisor or housing counselor before jumping … … You Might Also Like … viewbublogpanes=ymalinline   … Buy … Negotiating + Financing … Bricktionary … mortgage … …

By Celia Young |April 2, 2024 - 3:30PM
What’s the average flip tax for a condo or co-op in New York City?

… New York City But theres one more cost you should watch out for when you sell a flip tax if you live in a coop or a … are very common in NYC says Richard Apell controller at property manager Argo Real Estate   Most buildings will … that both Stone and Dylan Pichulik CEO of XL Real Property Management pointed out It used to be something that you …

By Celia Young |April 1, 2024 - 2:30PM
What are land-lease buildings? Are they common in NYC?

… York City own the land they sit on but a tiny percentage rent the land from someone else These are called landlease … a handful of landlease condos Thats because of the different ownership structures In a coop you only own a … knowing when the lease expires is important The unknown of what could happen can be scarier for say a landlease coop on …

By Evelyn Battaglia |December 4, 2023 - 12:30PM