Investor owned apt in coop sale listing
Started by cjazwinski
about 1 year ago
Posts: 2
Member since: Mar 2009
Discussion about
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In my coop there are several investor owned apartments as the conversion was a non-eviction plan. There are two units owned by an investor with original tenants occupying. The investor is listing them for sale at very low prices, but does not disclose in the listing that they are legally occupied. The very low prices are detrimental to others selling the same size apartments for much more, not to mention the ommission about the apartment's status. Is there a requirement to include the truth about type of sale in the listing?