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co-op financial question

jenheartsrob Posted:

co-op financial question

Hi guys... this whole buying a co-op process is complicated!! I didn't realize how much so.... so our realtor gave our attorney the building's financials, prospectus, etc. and now the attorney is telling me that it's not a legal issue, it's a financial issue.... that we need to have an accountant or financial person review the documents to make sure that the investment is sound and the corporation is healthy.... Did everyone do this? Do you know what to look for on these documents to check for that? I have no idea.... and we don't have an accountant.

giggles62 Posted:

Re: co-op financial question

We are in the process of buying a co-op and my FH is a lawyer. They sent him the same stuff and he went over it with his boss. We never went to an accountant.

Good luck.

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