Lost Stock and Lease Certificate

So bank needs to provide affidavit that they lost docs, and needs to indemnify the co-op for any potential claims if someone finds documents and claims ownership. In the banking world, with lawyers / docs involved, and co-op boards that have their own lawyers, 30 days does not sound like a “long time”. you should to follow up religiously and get to the right person @ bank and let them know sale is pending. Find out who is handing for the board, and act as facilitator. Let bank know any oversight could cost a loss and threaten that you will hold them liable. The usual i suppose. Good luck,

dorkofwindsor

in General Discussion 8 years and 1 month ago

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sterlingbk | 8 years and 1 month ago

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In the process of selling our co op – the bank lost our stock and lease certificate. Our lawyer ordered a new one and it has taken a very long time – over 30 days. Has anyone had a similar experience or have any tips on ways to expedite this? I’m hanging on a thread here as buyers are threatening to find ways to back out of contract.