What does 'right of first refusal' mean when you are selling a NYC condo?

… A New York City condo board has limited ways to exercise control over sales … coop board which has much broader authority over deals But condo boards have what is called the right of first … … Getting Ready … Bricktionary … buying … condos … What does right of first refusal mean when you are selling a NYC …

By Brick Underground |May 16, 2024 - 2:30PM
What's a reverse mortgage—and how common are they in NYC?

basic level a reverse mortgage is what it sounds like a home loan where the bank pays you based on your homes value … law according to the New York State Department of Financial Services NYSDFS Borrowers need to be at least 62 years old … also usually come with costs including closing appraisal application and attorneys fees though origination fees on …

By Celia Young |April 2, 2024 - 3:30PM