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Buying Coop, What Kind Of Extra Fees Can I Expect?

I am planning to buy coop and pay all the wherewithal upfront, this means I will not be taking out any mortgage. So lets say coop costs 100k what others fees should I look for to pay, for example tax, etc..? Please list the fees and how much they would


Answer: There would be the stock title fees-most likely $500-$1000, attorney fees-$500-$1000, since it is a co-op there shouldn't be any surveying fees. Also, some co-ops try to stick you with a flip tax-it can be any amount, it is actually something they are

 
 

Can I Apply For A "first-time Homebuyer"/primary Residence Mortgage In GA If I Am In NY And Live In A Coop?

The shares in the co-op are from the word go paid for (no mortgage - just monthly maintenance fees for edifice) and my husband has been here all his life. We want to relocate to GA, but want to use the proceeds of our jobs in NY and get a home first


Answer: While you can be considered a first-habits homebuyer (this will be your first mortgage), I don't think you're wanting to claim the Georgia home as your primary home will work.

When your loan application goes through underwriting they will

 
 

How Long Can We Keep A NYC Coop Apartment In Our Late Mothers Name?

Our indulge passed away and left us here coop apartment in New York Burgh. She has a small mortgage. Does anyone know what the rules are in New York are for enabling us to keep the apartment in the name of the Class before we would have to sell of transfer


Answer: www.craigslist.com

 
 

NYC Can A Wife Be Listed On The Deed But Not On The Mortgage?

Hi, We are looking to buy a Coop apartment in NYC and were wondering if a mate can be listed on the deed but not on the mortgage?


Answer: Confident. If your credit history and income is enough to get a mortgage, you can have a mortgage in your name only. As for the Deed, you can have anybody added to it, even me, if you yearn... :)

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Coop Condo Appraisal?

I necessitate to refinance my coop mortgage, the appraiser said he cannot find the comparable sales. My examine is how and where I can find the comparable sales for my coop because I don't have the Title and it's not shown in the Title Companies.


Answer: coop's are a minute difficult as you have come to find out. where are you located? i have a login to a site that will permit me to print comps out for you, but here is the thing, there may not be any sales at all that are similar i would try another appraiser

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