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andrewh1
40 Posts |
 Posted - 05/13/2008 : 3:06:22 PM
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| Who does them? |
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jloans2003
200 Posts |
Posted - 05/13/2008 : 3:43:36 PM
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| chase, wamu, citi....have to go thru board, takes a long time. I'm from ny and have done a ton of these!! |
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BB
989 Posts |
Posted - 05/13/2008 : 3:45:37 PM
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| Wells Fargo |
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swmsn
4205 Posts |
Posted - 05/13/2008 : 8:32:20 PM
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Chase and Citi.
Make sure the property is approved by the bank 1st, |
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nutesch
498 Posts |
Posted - 05/13/2008 : 8:35:00 PM
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Citi is probably the biggest player in the tri-state area for co-ops....they have a comprehensive guide of all approved co-op projects on their website.
Just get ready for a whole new ball of wax if you're gonna dabble in that market....Co-ops are an interesting breed of properties. |
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juando67
115 Posts |
Posted - 05/15/2008 : 02:19:21 AM
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| Astoria..... and they are based in NY |
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CoralSnake
10884 Posts |
Posted - 05/15/2008 : 05:07:12 AM
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Coops are a different animal than any other property out there as mentioned.
You will need a bunch of documents from the coop as well.
Make sure the buyer is approved by the coop board before you put too much work into the deal.
If this is conforming you can run through DU as well.
as mentioned, Citi, Chase, CW (if anyonoe still uses them), Indymac, & HSBC do them- all of these have approved project lists on their website. Wells also does them, but I dont think they have an approved list. |
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