Co-op Building not approved by lender
So, after a month or so of painful interviews, giving my life on paper to people I do not know and putting a bunch of money together, FINALY I got approved to get a loan and buy a co-op apartment in BKLYN. To my surprise , my mortgage broker called me a said that Citibank had no problem with me, but that they would not approve the building for the loan ! the reason is that some other tenants owe mantenance to the co-op (all together $20,000). Has anyone had this problem before? Is there any way I can go around this?
thanks
