Seward Park co-op board voids sale of one-bedroom that went at auction for $329G

Seward Park co-op board voids sale of one-bedroom that went at auction for $329G

BY Barbara Ross
NEW YORK DAILY NEWS
Thursday, December 1 2011, 9:13 PM

“Linda Salamon thought she won the real estate lottery last May when she bought a $400,000 one-bedroom co-op apartment on the lower East Side for $329,000 at a public auction….”

“…Salamon declined to discuss her battle, but her lawyer Richard Klass said that under state law, the co-op board cannot exercise its right of first refusal because the sale is not voluntary; it was forced by the lender.

“He also noted that Seward Park’s board was notified of the auction and could have bid on the apartment when Salamon won the unit….”
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copyr. 2011 Richard A. Klass, Esq.
The firm’s website: www.CourtStreetLaw.com
Richard A. Klass, Esq., maintains a law firm engaged in civil litigation at 16 Court Street, 28th Floor, Brooklyn Heights, New York.
He may be reached at (718) COURT-ST or e-ml to RichKlass@courtstreetlaw.com with any questions.
Prior results do not guarantee a similar outcome.

R. A. Klass
Your Court Street Lawyer

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