Seward Park co-op board voids sale of one-bedroom that went at auction for $329G BY Barbara Ross NEW YORK DAILY NEWS Thursday, December 1 2011, 9:13 PM “Linda Salamon thought she won the real estate lottery last May when she bought a $400,000 one-bedroom co-op apartment on the lower East Side for $329,000 at a public auction….” “…Salamon declined to discuss her battle, but her lawyer Richard Klass said that under state law, the co-op board cannot exercise its right of first refusal because the sale is not voluntary; it was forced by the lender.
“He also noted that Seward Park’s board was notified of the auction and could have bid on the apartment when Salamon won the unit….”Read more: http://www.nydailynews.com/new-york/seward-park-co-op-board-voids-sale-one-bedroom-auction-33g-article-1.985636#ixzz1gLglMXGb
# # # ———– copyr. 2011 Richard A. Klass, Esq. The firm’s website: www.CourtStreetLaw.com Richard A. Klass, Esq., maintains a law firm engaged in civil litigation at 16 Court Street, 28th Floor, Brooklyn Heights, New York. He may be reached at (718) COURT-ST or e-ml to RichKlass@courtstreetlaw.com with any questions. Prior results do not guarantee a similar outcome. Next post Previous post