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Put the purchase application together from beginning to end.
So, Mr. Luxemburg said, the broker should voluntarily withdraw from any participation in a decision on a purchase application.
Rejection Before an Interview Q Can a co-op board reject a purchase application before interviewing the prospective buyer?
Indeed, the Mortgage Bankers Association's purchase application index ticked up slightly this week after five weeks of decline, although the association declined to say the index had bottomed out.
"If the board has determined that it will not approve the sale based on the information provided in the purchase application itself," Mr. Bailey said, "there is no reason to have an interview".
Every building has its own set of requirements, beginning with a purchase application form, either one devised by the board or a standard form put out by the Real Estate Board of New York, that gives such basic data as names and addresses of all potential occupants (children and pets included), occupations, income and education.
Similar(51)
Home purchase applications dropped 4.8percentt.
Purchase applications are a different story.
The home purchase applications measure rose 2.9percentto to 413.9 from 402.2.
More than 4,300 gun purchase applications were filed last weekend alone.
Home purchase applications last week were the highest since late July, a separate report showed yesterday.
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