Refinance Problem


My bank is rejecting me for a refi because out of 55% shareholder owned apartments there are only 37% shareholder residents. They are sending the loan to Fanny Mae to see if they will approve the loan (at a cost to me). My credit is excellent and all other info is perfect. Here is the catcher — a neighbor just sold her apartment and the buyers got a loan that was just purchased by Fanny Mae. Does this mean that Fanny Mae will “approve” of my loan or do you think they will reject it. I can’t get a hold of the bank form from my neighbor’s sale — the form the management company fills out for the bank outlining ownership % (old management company that is sponsor owned –they burn them!) so I don’t know if the other bank got an honest story of our ownership percentages.

Anyone have experience with this? Can I push my bank to push Fanny Mae because someone in the building was approved?

Any advise would be appreciated. And, I know we need a sublet policy, but we are loosing this fight right now. So don’t need to go there!

Categories: Mortgage
By AnnieJ | 10/30/2010 7:41 PM | Comment

Refinancing My Co-Op


I’m having a hard time refinancing my coop mortgage due to less than 50% shareholder residents living in the building. To be clear, we are about 55% shareholders but lots of shareholders rent out their units and don’t live in the building. Any thoughts on where I can go for a 15 year fixed mortgage?

Categories: Mortgage
By AnnieJ | 07/13/2010 3:45 PM | Comment

Security


This week an apartment in my building was broken into. The good news is that the criminals were caught and found — part of a big ring the cops had been following. But now many of us are considering ugly window guards. Does anyone have experience with alarm system instead — good and bad.

Categories: Alarm
By AnnieJ | 04/16/2010 9:33 PM | Comment

Coop Management Companies


Anyone have a management company they like? If so, please let me know!

By AnnieJ | 02/15/2010 2:32 PM | Comment

Foreclosure Info


What is the best way to find out if property is in foreclosure? Is there a web site that is actually free vs one that claims to be free but requires credit card info to get short term free access? Also looking for what bank and amount to purchase. This is regarding a property that is owned by a corporation that seems to have halted construction with the economic bust late last year.

Categories: Research
By AnnieJ | 07/18/2009 2:00 PM | Comment

Tile and Caulking


I have this problem in my bathroom I can’t seem to fix: The caulking on the row of tiles that butts up to my bathtub keeps coming loose. It’s not the caulking that touches the tub but the one between the last row and the next one up. I had someone come who actually took it all out and put new tiles in, re-caulked and it happened again within about 8 weeks.

Does anyone have any ideas on why this would be happening?

Categories: Tile
By AnnieJ | 07/07/2009 1:30 PM | Comment

web site developer


I am looking for someone who can develop a basic web site for my business. I’ve done the writing — so really need someone with technical stills to set it up. Does anyone know of anyone?

By AnnieJ | 04/02/2009 10:42 PM | Comment

Wood Floors


I refinished my pre-war wood floors recently myself. They came out fine, but for a few places. I need the entry way fixed at least. Can anyone recommend someone who is willing to do a small job and who is trustworthy?

Categories: Renovation
By AnnieJ | 01/31/2008 9:48 PM | Comment