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Why co-ops are allowed in specific states?

Posted on: 31st Jul, 2008 06:23 am
Its been noticed that Co-Operatives are always allowed by any Lender in NY / NJ / IL / DC (sometimes.)

Is there any specific reason behind this, any official documents which the Lender follows ...

Can anyone please spread light on this topic.

It will be helpful

Thanks

Sagar
Hello.

This is because of the state specific laws. The state law defers from one state to another.
Posted on: 01st Aug, 2008 03:29 am
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