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

… At the most basic level a reverse mortgage is what it sounds like a home loan where the bank … loan Reverse mortgages are rare in New York City condo and coop buildings Thats particularly true for coops where they … to pay the interest on the amount the lender pays you  The balance continues to grow because youre putting interest on …

By Celia Young |April 2, 2024 - 3:30PM
Understanding ‘succession rights,’ a complex issue for rent-regulated tenants

… the amount of time a family member lives with the original tenant in the apartment Editors Note A previous version of this article was published in April 2016 … 2023 calculating that one or twoyear period just got easier Previously a family member had to live in the apartment for …

By Celia Young |January 9, 2024 - 11:00AM