Tag Archives : legal entity

What is a Co-Op’s Worst Nightmare

What is a Co-Op’s Worst Nightmare

If a co-op asks for your financial history, then it is his right. The reason being, he is the buyer. This co-op comes to you with the hope that if the process goes further, you would be able to meet the coming responsibilities effectively, which will be spread out on the monthly basis. Of course, this would be in addition to the personal mortgage payment.

Housing Cooperatives

Housing Cooperatives

Housing Cooperatives provide the opportunities to low income people to have their own residence. In housing cooperative, a home buyer does not actually own the property. He is just the shareholder of cooperative. He gets loan from the cooperative to have his own home or apartment. This loan is similar to the mortgage loan.

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