Representing the Buyer: Coop and Condo Due Diligence and Contract Matters

This class has reached capacity. Please feel free to sign up for our next available Coop and Condo Due Diligence Class on December 8, 2010.

To register: http://marcisrael.com/launch/register-now/?event=67


Date and Time: October 21, 2010, 8:30 am to 12:00 pm

Location: Bank of America, 335 Madison Avenue (44th Street), 5th Floor

Class Details: This class is 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, down payment 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. The class will also discuss the various federal, state and local taxes related to such a transaction.

Cost: Free

Instructor: John Bradbury, Esq., Law Offices of John Bradbury

CLE Credit: 3 Areas of Professional Practice Credits

Sponsor: Bank of America