Co-op & Condo Attorney Due Diligence

Presented by John P. Bradbury – 2.5 hours

  1. Due Diligence (60 minutes)
    1. Financial Statements
    2. Minutes
    3. Operating Documents
    4. Co-ops
    5. Condos
  2. Contract Issues (60 minutes)
    1. Contract Process
    2. Financing Contingency Provisions
    3. Rider Protections
    4. Buyer Issues
    5. Deposits & Defaults
    6. Risk of Loss
  3. Post Contract (15 minutes)
    1. Adjournments, Time is of the Essence & Power of Attorney
    2. Possession Exchanged Before Closing
    3. Purchases by Married and Un-Married Couples
    4. Pre-Closing
  4. Closing Costs (15 minutes)
    1. General Transaction Closing Costs
    2. Cost Associated with Sponsor Sales
    3. Mortgage Recording Tax / CEMA