justme's Profile

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April 1, 2008

eviction and ownership

If a shareholder owns their coop (no mortgage) but does not pay their maintenance and the board begins eviction proceedings who then, gets the apartment if the shareholder is evicted?
I know the board can recoup the lost money once the place is sold but who can sell it (owner, bank or coop?). thanks

March 20, 2008

WHY BROKERS DO IT?

Since everyone love sto bash a broker or two (especially Corcoran's) can anyone tell me why brokers will price something so out of price range of every freagin' comp in the area and GET THE ASK PRICE? So many FSBO's who can't attract w/ a better price than what an agent who has jacke up a price to cover the commission and still get the price they ask? Frankly I find it disgusting.

March 10, 2008

What to do with a pesky broker

So I am trying to sell my place (FSBO). I have very specifically stated no brokers on all my ads. I keep getting a call from one broker in particular. She calls me just about every other day. She does not identify herself as a broker but I know who she is and I know who she works with. I have told her in no uncertain terms to NOT call me, I don't want to use a broker and I wouldn't use her if I did. I have told her if she insists on calling me I will report her to the state for violating the Do Not Call registry (I know brokers/agents fall into this catagory). Yet she continues to call.
Short of ripping her a new one anyone have any suggestions?

Author's Comments

looks lovely but i'm going to venture to say that it is two apartments combined...hence the high mnt. to my knowledge, this building was originally studios (and MAYBE one bedrooms) because I believe it was a hotel at one time.

Posted by: justme at October 29, 2008 1:23 PM in response to Co-op of the Day: 70 Remsen Street

hmm, well ITM that's an interesting comment. care to explain?

Posted by: justme at September 15, 2008 2:53 PM in response to Condos in Contract at 20 Henry Street

ok so: the shareholder gets evicted, coop puts apt up for sale (hopefully at current market value), they sell it. owed money goes back to coop (plus fees, interest and whatever is owed), the remaining amount goes to shareholder who was evicted? correct?

Posted by: justme at April 1, 2008 4:27 PM in response to eviction and ownership

OP here: so, if the coop is successful in evicting this person then the coop assumes ownership of the apartment and then when they sell it the proceeds go to the reserve?

Posted by: justme at April 1, 2008 1:19 PM in response to eviction and ownership

ok, just read it and would still like to know...

Posted by: justme at March 28, 2008 9:42 AM in response to Park Slope: The Canary in the Coalmine

This is pathetic. you nay sayers need to get a life. all you do is complain about everything. Park Slope is an amazing neighborhood with lots to offer.
i don't agree w/ the comparison of park slope to tribeca only because the prices in the city are so much higher than anywhere else. i would like to know the price ranges they used and why they chose to compare these two neighborhoods (i haven't read the article yet).

Posted by: justme at March 28, 2008 9:39 AM in response to Park Slope: The Canary in the Coalmine