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Selling Information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
GUIDELINES WHEN SELLING YOUR  APARTMENT  Below are the Corporation's current  minimum financial requirements for  prospective purchasers:  1-Annual income must be a least seven  (7) times the total of the annual  maintenance charges plus two (2) times  your annual mortgage payments, if any.  Additionally, other annual debt will be  deducted from the annual gross salary  and a percentage of assets will be added  to the gross salary.  2- Cooperative loan financing is limited to  a maximum of eighty (80%) percent of the  purchase price.  3-Income must be verifiable by form 1040  Federal and Statelcity IT-201 income tax  returns for the past two years for each  applicant (Employer W-2 wage forms  required).  4- Work history must be verifiable and  show stability for each applicant. A credit  and background search may be obtained  for each applicant.

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co-op for sale bellpark manor queens new york powerpoint

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  • 16. GUIDELINES WHEN SELLING YOUR APARTMENT Below are the Corporation's current minimum financial requirements for prospective purchasers: 1-Annual income must be a least seven (7) times the total of the annual maintenance charges plus two (2) times your annual mortgage payments, if any. Additionally, other annual debt will be deducted from the annual gross salary and a percentage of assets will be added to the gross salary. 2- Cooperative loan financing is limited to a maximum of eighty (80%) percent of the purchase price. 3-Income must be verifiable by form 1040 Federal and Statelcity IT-201 income tax returns for the past two years for each applicant (Employer W-2 wage forms required). 4- Work history must be verifiable and show stability for each applicant. A credit and background search may be obtained for each applicant.