Because of the shaky financial industry, bankers are having trouble buying homes in the city. Co-op boards are rejecting them, or asking for months of utilities up front. Home mortgages have more restrictions, and some lenders are asking for 25 percent upfront instead of just 10 percent, making it difficult to obtain a mortgage for a condo.
Bankers’ home buying trouble
July 14, 2008 10:40AM
