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KartveliT
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Member since 1/08 8363 total posts
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deleted for various reasons. THANK YOU EVERYONE
Message edited 8/11/2009 5:48:41 PM.
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Posted 8/11/09 3:23 PM  |
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KartveliT
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Member since 1/08 8363 total posts
Name:
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
Message edited 8/11/2009 5:48:04 PM.
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| Posted 8/11/09 3:24 PM |
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MST9106
My life:)
Member since 6/06 9589 total posts
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
I really don't know (even though my mom owns two co-ops) but this is one of the MAJOR reasons I would never buy one...the maintenance fees can go up at any time! I would assume though, if they're asking for your permission, that there must be some sort of clause in the contract that says that you can back out in a situation like this...I'm so sorry you're dealing with this!!!!
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| Posted 8/11/09 3:32 PM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
I am not sure about the maintenance fee and how often they can change it, on a yearly basis, etc... but this is one of the reasons I never got a co-op. The maintenance fee can be increased.
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| Posted 8/11/09 3:34 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
Maintenance usually goes up every year on co-ops, just like property taxes go up every year on houses.
Why aren't you asking your attorney yet? This is exactly what your attorney gets paid to do!
I would think your attorney would be better suited to advise you over strangers on the internet.
Message edited 8/11/2009 3:53:19 PM.
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| Posted 8/11/09 3:52 PM |
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KartveliT
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Member since 1/08 8363 total posts
Name:
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
Message edited 8/11/2009 5:47:19 PM.
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| Posted 8/11/09 4:14 PM |
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KartveliT
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Member since 1/08 8363 total posts
Name:
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
Message edited 8/11/2009 5:47:33 PM.
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| Posted 8/11/09 4:18 PM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
i am sorry that you are going through this...
i hope you can get answers that satisfy you. keep us posted!
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| Posted 8/11/09 4:28 PM |
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MrsFab
this is bliss.......
Member since 10/08 1234 total posts
Name:
Mb
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
wow thats a huge increase  I hope it works out for you and you are able to get out of it. I dont know where you are looking for coops- but ours is in queens- we have raises two years in a row and then none in the third and our raises are usually only about $20-$50- this year was $20
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| Posted 8/11/09 4:28 PM |
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KartveliT
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Member since 1/08 8363 total posts
Name:
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
Message edited 8/11/2009 5:47:45 PM.
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| Posted 8/11/09 4:58 PM |
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smdl
I love Gary too..on a plate!
Member since 5/06 32461 total posts
Name:
me
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Re: anyone who knows anything about real estate (REA,attorneys, mortgage brokers) please come in
Posted by tatuka
Posted by MrsFab
wow thats a huge increase I hope it works out for you and you are able to get out of it. I dont know where you are looking for coops- but ours is in queens- we have raises two years in a row and then none in the third and our raises are usually only about $20-$50- this year was $20
exactly! That's what normally happens in most Queens coops(this one is in Queens too) even on a the coop board meeting they told us that IF they ever increase the maint . they never increase it more than $50 MAX. So I don't know where this came from.
That's what I was thinking $150 is a huge increase. It's $300 after 2 years. Insane!!!
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| Posted 8/11/09 5:34 PM |
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