Lost in Yonkers Co-Op Hell
A woman trying to sell her one-bedroom co-op in Yonkers is frustrated. Four different times over the last two years she has found qualified buyers, pre-approved for a mortgage, only to have them rejected by the co-op board. And the co-op board won't give her a reason why.
By the time Wendy Frank called Help Me Howard she was at her wit's end.
She's been trying to sell her one-bedroom apartment in Yonkers for going on two years.
Each time she found a qualified buyer the co-op board rejected them.
Four different times she found people who liked the apartment enough to get pre-approved for a mortgage, fill out an application and pay a $250 processing fee. Four different times the co-op board turned around and rejected them. Frustrating! And even more frustrating is there is no law that requires the coop board to tell you why they rejected them! No co-op board of any building in New York State is allowed to discriminate against a potential buyer for reasons like race, gender, sexual orientation, etc. but beyond that they can reject someone for any other reason and they are not required to give the reason.
Wendy's has very little recourse. She can get her attorney more involved.
She can try to get two thirds of her other shareholders to overturn the board's rejection.
She can get the board voted out.
She can put pressure on lawmakers in Albany to require co-op boards give their reasons for rejections..and put it in new legislation.
None of these options is easy. Meanwhile Wendy knows that given the current housing market, the value of her real estate is depreciating even as we speak.
For more information about how co-ops work go to the website of the
Council of New York Co-operatives at www.cnyc.com


Comments: 43
Hi Howard:
I saw your broadcast on "Lost in Yonkers co-op Hell". We really feel for her. We have tried to get a petition going. Although many owners agree with us they are afraid to sign. As far as Albany read on!
We live in a Condominium in Montrose,NY Coachlight Square on the Hudson and should be named "Living Hell on the Hudson" because of our Board of Managers.Some of us call it "The 4th Reich". However I have been going to Albany and our legislators for almost five (5) years.We are trying to get a Bill passed, Residential Condominium Owner's Bill of Rights". It has just come back out of drafting with a new number A04946. We have made some headway, but not enough. We are hopeful for passage this session.
We need it badly. Our Board of Managers are out of control. Here are just a few issues:
1.The Board isn't a legal both elections 2007 & 2008 there was no quorum so the BOM continued the election, (kept the votes from the 1st election night were there was no quorum) The Honest Ballot Association told me that it's llegal to "Continue an Election.
2.Installed 20 new boilers without our vote.
3.The Coachlight Square on the Hudson Condominium Association has been charged by the USA Dept. of Housing & Urban Development,(HUD). For "Charge of Discrimination" under the ADA Act for not allowing a disabled resident/owner to have a ramp installed. To date the BOM has yet to inform the owners of such charge.We are paying legal fee's for our lawyer on this case. I found out by a source who give me all the Court documents pertaining to the case.
There is so much more. We need much more exposure
so others in our or a simliar situation can help to get this Bill passed. There is also a Bill for Co-op's. I am told by Albany that we need to have the Condo Bill passed first then it would make it easier for the Co-op Bill to pass.
We need you! PLEASE HELP US HOWARD!
What really upset me - and what drove me to have to contact the media was the fact that the board paid no attention to the dire situation of a local business man and his family. The neighbor Alex Cheblal's home was totally destroyed and my coop unit would have housed him and his family until they rebuilt. http://www.lohud.com/article/20090103/NEWS02/901030365/-1/ARCHIVE
This dictatorship has allowed this to happen and gives a new meaning to "love thy neighbor". How bad would it be in this economy to allow the neighbors whose house burned down to stay in the empty coop down the street.
I find it gauling a family that has put there heart & soul into a business that served the community and gave employment to local residents is treated with such disrespect by a small group of people who are supposedly their neighbors.
I live at 47 Alta Avenue and Ms. Frank neglected to tell you that she never lived in the unit, in fact it was a business for her until the board made he tenant leave. She has a lot of nerve trying to intimidate both the board and the other owners in the building. She has proved to be a nuisance leaving unwanted materials under all apartment doors. The majority of owners here feel that out board is quite fair in their determination of who can by a unit. The market may be down but three units have turned over in the last three months. There are always three sides to a story, yours, mine and the truth.
Anonymous,
It sounds like you are supplying the heretofore missing rationale for the 47 Alta Road Board's denial of Ms. Frank's financially qualified buyers--punishment! It is inexcusable to prevent this woman from moving on. Further, it is just plain awful to dash the buyers' hopes and confidence, and add to their financial burdens by collecting hefty application fees and wasting their precious time.
I served on my prior co-op's board on East 88th Street in Manhattan for 10 years, and when shareholders presented with prospective buyers, even shareholders with whom we had had a past conflict, we still held to objective criteria in making our assessment of the qualifications of the potential buyer. Only when a potential buyer had out-and-out lied, or there was some other significant concern about character, did we reject. In 10 years of Board service I think we refused three applications, and certainly not three or four deals involving one single shareholder. Your Board's actions simply do not pass the smell test, as anyone who has served on a co-op Board would affirm.
The situation as you have presented it is preposterous and terrible karma for your building as a whole. Your Board needs to grow up, stop being vindictive, and let everyone go their separate ways in peace, without further financial damage.
Kudos to Ms. Frank for standing up for herself. I sincerely hope Howard will keep us informed as this saga unfolds and, I hope, resolves. I'd be most interested to know what happens the next time Ms. Frank's broker presents a qualified buyer to this Board.
This is exactly why we need transparency in Coop Board decisions. I wish you all the best, Wendy.
I agree with Ms. Frank. It may be worth it for Ms. Frank to look into the other transactions that have taken place over the past three months and see if they followed the same policies as they have been with her unit. She may find just cause for a discrimination suit. Agree with her or not, she is simply trying to sell a piece of Real Estate. Constantly having buyers rejected by the board sounds more like some form of retaliation or discrimination and should be investigated.
This was a very well done segment. As a renter, I've heard many nightmarish stories about coop and condo boards, but have never personally experienced their wrath. This story clearly demonstrates the acute need to hold these power-hungry boards accountable. If they are doing their job correctly and honestly, board members across the state could not object to openness. If they do, then we have to wonder what information or behavior they are trying to keep hidden.
Change doesn't have to come only from the federal government--transparency and accountability will always be necessary!
Dear Anonymous co-op owner at 47 Alta Ave,
It doesn't surprise that your post neglected to state your name. But since you want to allege facts, here is the third side of the story - the truth!
Yes, 3 units have turned over but here are the conditions surrounding the sales.
Unit 2C sold on 12/26/2008 after having been on the market since 9/19/07.
Unit 1F sold on 1/15/2009 after having been on the market for 198 days since 6/30/2008.
And Unit 4B sold on 2/27/2009 after having been on the market since 12/1/2006, three Realtors later. It was in contract 3 times before it actually sold.
Wendy has suffered enough. If the board, and the unit owners for that matter, find Wendy to be such a nusance then approve the next buyer we put in front of the board and Wendy will be out of your lives forever!
Nobody wants Wendy to sell more than me!
Dear Anonymous co-op owner at 47 Alta Ave,
It doesn't surprise that your post neglected to state your name. But since you want to allege facts, here is the third side of the story - the truth!
Yes, 3 units have turned over but here are the conditions surrounding the sales.
Unit 2C sold on 12/26/2008 after having been on the market since 9/19/07.
Unit 1F sold on 1/15/2009 after having been on the market for 198 days since 6/30/2008.
And Unit 4B sold on 2/27/2009 after having been on the market since 12/1/2006, three Realtors later. It was in contract 3 times before it actually sold.
Wendy has suffered enough. If the board, and the unit owners for that matter, find Wendy to be such a nusance then approve the next buyer we put in front of the board and Wendy will be out of your lives forever!
Nobody wants Wendy to sell more than me!
Anonymous co-op owner is also probably keeping anonymous since Wendy DIDN'T run a business out of that apartment and it's much more comfortable to lie when you don't have to own up to it. Folks who know Wendy are all too familiar with the abuse she's been taking from these people, so to lie about what she's done is just salt in the wound--shame on you!
As a coop owner in Manhattan I find this situation unfortunate. It only fuels potential buyers away from considering purchasing coops for other areas with condos or private homes.
Give Wendy a break, if you won't accept any of the previous four pre-certified offers then why doesn't the Board offer guidance towards what would be accepted.
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Did Wendy ever have a buyer approved? Something needs to be done about these co-op boards stat. They are above the law and I can personally attest that potential buyers are rejected for racial reasons. I was asked the race of my buyer by a board member's spouse.
And spammers, go spam somewhere else. This is a serious issue.
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Please reference positng by Lucille T. Colletti at February 26, 2009 5:45 PM
I also live in Coachlight Square. I really wish you would contact both myself and Lucille. You could probably devote a complete show on this condo alone. The board which has voted itself illegally into power consistantly for years has lowered the living standards again. Each building here has master VHF ONLY antennas and the board has flatly refused to upgrade the VHF system which would be a relatively minor and, compared to the tens of thousands of dollars spent on wasteful lawsuits and other matters, would be generally not very expensive. BECAUSE of the boards REFUSAL to comply with the spirit of the DTV transition myself and others here have been reduced to having only 3 viable VHF general broadcast stations ABC WPIX and WNET.
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What board would be functional if they had to rationalize every decision made to all shareholders particularly denials on applications? What would be the point of even having a board, a group of people chosen by the majority of the shareholders to make the final decisions for the betterment of the building? Then it should just be an open forum and nothing would get done. There is always going to be a few shareholders that don't agree with anything nor understand why the board came to a certain decision but those few are the ones that only complain when decisions directly affect them and are never proactive and just want to try and intimidate those they feel are responsible for their misery. I can understand Ms. Franks discontent with the sale of her place but why would a board who clearly has felt, seen and heard the wrath of Ms. Frank's disgust with the denials, want to keep her in the building if the buyers met the standards the building requires for shareholders? Do you honestly think anyone living in that building wants to live amongst people who have little regard for anyone else? It is in my experience that Ms. Frank has verbally accosted old and new board members on the phone and in person, the managing agent, the lawyer for the building - old and new - and any other shareholder in the building who does not take her position, hence the anonymous post above. Her harassment has many people ready to take legal action against her, if it hasn't already been done. The board is not protected from this abuse. You can all read her story and assume she is a victim because she plays one very well, but the facts are the facts and until you know them, don't make assumptions. Her behavior has been unacceptable and it has been document throughout the years she has owned and sublet in this building. She promotes a hostile environment and will get no where continuing to do so. The LAW has put into effect disclosure rights, not the coop boards themselves, and this law is in place for a reason. Coops are not publicly owned business. They are private and one chooses to buy into them, therefore, should understand how they work.