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Old 05-01-2012, 05:18 PM
 
2 posts, read 2,084 times
Reputation: 11

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Hello..
I am despretly seeking advise on how to deal with my mother in laws coop board. My mother in law has become very ill and as a result we are attempting to buy a home with space to allow me to take care of her. Of course in order to do this we must sell the coop to afford it. After being on the market for 2 years, and dealing with many issues we finally have an all cash buyer, from the neighborhood looking to downsize, with excellent credit. However now 9 weeks later we have yet to hear a word from the coop board, they have not even bothered to dignify us with any form of response to the package that was sent. The management company claims to have no information and can not move the board. They keep changing their meetings. As my mother in laws health is getting worse and we have been sinking money into contract and preparations for the new property- which we are in danger of loosing.
WHAT SHOULD I DO?????
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Old 05-01-2012, 05:31 PM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,636,575 times
Reputation: 6215
Quote:
Originally Posted by seeking advise View Post
hello..
I am despretly seeking advise on how to deal with my mother in laws coop board. My mother in law has become very ill and as a result we are attempting to buy a home with space to allow me to take care of her. Of course in order to do this we must sell the coop to afford it. After being on the market for 2 years, and dealing with many issues we finally have an all cash buyer, from the neighborhood looking to downsize, with excellent credit. However now 9 weeks later we have yet to hear a word from the coop board, they have not even bothered to dignify us with any form of response to the package that was sent. The management company claims to have no information and can not move the board. They keep changing their meetings. As my mother in laws health is getting worse and we have been sinking money into contract and preparations for the new property- which we are in danger of loosing.
what should i do?????
Pray, that's about all you can do.

Is the contract price in line with the most recent sales in the building ? If they don't like the price they may drag their feet or say no.They don't have to say why.

Last edited by bluedog2; 05-01-2012 at 05:50 PM..
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Old 05-01-2012, 07:13 PM
 
2 posts, read 2,084 times
Reputation: 11
Yes the sale price is spot on with recent sales in the area. according to one board member they.havent even meet to discuss anything. they are dragging their feet. i keep being told their are no rules and tbey dont have to have monthly meetings or answer tp anyone. just doesnt seem right!
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Old 05-01-2012, 07:54 PM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,636,575 times
Reputation: 6215
Quote:
Originally Posted by Seeking Advise View Post
Yes the sale price is spot on with recent sales in the area. according to one board member they.havent even meet to discuss anything. they are dragging their feet. i keep being told their are no rules and tbey dont have to have monthly meetings or answer tp anyone. just doesnt seem right!
That's awful but legally they don't have to have monthly meetings so I don't know what you can do.In my building they do have regular monthly meetings and would most likely have a special meeting for approving a prospective purchaser once all of the required paperwork was in order.

It's interesting how the culture and practices of co op boards can vary so much.Some of them are nice and pleasant and some of them are just impossible to deal with.
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