INTO CO-OPS AND CONDOS?
Here's a free CLE that's being offered tomorrow morning (July 22, 2008) by Wells Fargo and American Land.
(Sorry about the last minute nature of the invite. We just got it moments ago!)
WELLS FARGO
WOULD LIKE TO
INVITE YOU
TO ATTEND A 3 CREDIT CLE CLASS ENTITLED REPRESENTING THE BUYER: COOP AND CONDO DUE DILIGENCE MATTERS
THIS CLASS IS DESIGNED FOR ATTORNEYS WHO WILL, OR MAY, REPRESENT PURCHASERS OF COOP AND CONDO APARTMENTS. THE CLASS WILL ADDRESS BOTH CONTRACT ISSUES THE ATTORNEY SHOULD BE AWARE OF AS WELL AS DUE DILIGENCE THAT THE ATTORNEY MUST CONDUCT ON BEHALF OF THE CLIENT. SPECIFIC ISSUES TO BE ADDRESSED INCLUDE TIME OF THE ESSENCE CLAUSE, DELIVERY DATE ISSUES, MORTGAGE CONTINGENCY CLAUSE, DOWNPAYMENT AND DEFAULT CLAUSES, REVIEW OF COOP AND CONDO OFFERING PLANS, REVIEW OF COOP AND CONDO FINANCIAL STATEMENTS, REVIEW OF COOP PROPRIETARY LEASE, REVIEW OF COOP BOARD MINUTES, AND REVIEW OF COOP OR CONDO'S BY-LAWS.
TUESDAY JULY 22ND 8:30-12:00 PM
WELLS FARGO | CONFERENCE ROOM
530 FIFTH AVENUE | 15/F | NEW YORK CITY
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Comments
Is anyone aware of litigation against a developer selling condos who converts half of the homes to rentals thereby decreasing value of condos? Thanks
Posted by: MLE | September 24, 2008 11:03 AM