A 3.75 hour class approved by the NY Deptartment of State for real estate continuing education credits.
Available Class Dates and Times:
click here for continuing education schedule for this course
THE MORTGAGE CONTINGENCY IN A CO-OP TRANSACTION: $50
Course approved for 3.75 hours of continuing education.Register for the Premium Package
Click Here for complete continuing education schedule
This 3.75-hour class will teach you about the mortgage contingency in a co-op transaction
Among the many topics, this class will include:
I. What is a mortgage "contingency"
a. Why does a buyer need it?
II. Form RE Co-op Contract has 3 Scenarios for Financing in a Transaction
a. Deal is contingent on financing
b. Deal is non-contingent on financing but buyer may finance
c. Buyer may not finance
III. Issuance of the Loan Commitment Letter
IV. The Co-op Approval by the Lender
V. Change in Buyer circumstance
Manhattan Branch132 West 36th, 2nd Floor
New York, NY 10018
*Use entrance at 139 West 35th St. on nights and weekends (Between 7th and Broadway, North Side of Macy's) Phone: (212) 967-7508
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