Mismanaged Co-ops (NY) on the Hook for More Than $21 Million

It takes a significant amount of financial mismanagement to land a co-op in foreclosure. Although it’s a rare, and very sad, occurrence, it looks like 200 of the 329 co-ops in Community Boards 9, 10, and 11 will need to turn things around to avoid heading toward the dreaded F word. DNAinfo reports that those co-ops owe the city more than $21.2 million in unpaid taxes and water and sewage bills      Read the article………


Related Articles

Cooperation Reaps Grant To Help Glen Haven (CO)

The work of three Estes Park Rotary Clubs will result in repair of a North Fork River crossing in Glen

City officials: recurring townhome dumping problem going to court (TN)

Passersby couldn’t read the sign marking the entrance to Fox Hollow Townhomes Tuesday; it was blocked by trash and debris,

Lawsuit filed after Legionnaire’s outbreak in condo building (MD)

A Florida couple filed a lawsuit against the Golden Sands Club Condominiums in Ocean City in connection with the 2015