Council of New York Cooperatives & Condominiums

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Reverse Mortgage Industry Poised to Try Again for New York Co-Op Business 

Apr 29, 2021By

The reverse mortgage industry is making another effort to assist in developing legislation which would allow reverse mortgage loans on co-ops, after a veto from Governor Andrew Cuomo derailed a previous effort at the end of 2019.

3d rendering of a row of luxury townhouses along a street

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