Topic: Eviction from co-op for late payment?
Eviction from co-op for late payment?
Someone I know is trying to buy a co-op. He mentioned that the co-op rules state that they can forfeit your shares if your monthly payment is a couple weeks deliquent (don’t remember exactly how many days). Seems scary!!
Is this a common thing to see in these co-op documents or is this an over-zealous co-op?
What do you think?