Co-op apartment nightmares - Application question

[rainoffire87]

Originally Posted by Kefir King

I'm also thiinking of the other end...the poor slob waiting to receive some money so that HE can move on. I would think that if anyone should be pushing the board to action it is the seller.
(Perhaps if he started pissing out the window every night it might move things along. )

Yeah, definitely sucks for the seller. She currently lives in Florida and has been calling the broker practically every day wondering what the hell is going on. Lol, the thought of anyone (never mind this 60-something woman) pissing on the property to move things along is definitely funny

[rainoffire87]

Originally Posted by Alkonost

I'm not shocked that the bank paperwork took so long and caused much of the delay, that had nothing to do with the broker. I had issues with that when I worked as a broker trying to get the paperwork squared away for the interview. Most banks don't do the paperwork in the city, it's usually a remote office somewhere else and they're not sensitive to the deadlines of a coop application- especially when it's an issue almost exclusive to the NYC area. I even had this problem with Chase.

In fact most banks don't give a crap, it's a bureaucracy and delays like that aren't unheard of. As for the coop board, sadly a broker can't tell them what to do. The seller and the seller's broker don't have that kind of pull unless the seller happens to be on the board themselves. Some coop boards are more flexible than others, but if a broker tries to push the board the board may push back and give them a hard time with the application and interview. It's like walking on eggshells, don't **** off the board- they're the ones with the power in the situation so the seller and the seller's broker has to tread carefully.

Just got word that my interview is Tuesday night - thank god. Thanks again for the advice everyone -- hope it works out

[Kefir King]

Good Luck.