EFTA02616370.pdf

From: <[email protected]> Sent: Wednesday, November 14, 2018 5:36 AM To: Subject: Re: Apt sale take the risk On Tue, Nov 13, 2018 at 8:33 PM > wrote: <=div> Forwarded message Fro=: Date: Tue, Nov 13, 2018 at =:30 PM Subject: Apt sale To: Hi Jeffrey, I need some risk management advice. I am in contract to sell my apt,<=r> if the board approves the buyer, the closing should take place around Jan. 15th. I saw an apt that I would like to buy however I was planning on using the proceeds ($599K) from my sale to make the purchase ($445K) . In NY co-ops, you can't sign a contract with a contingency based on the sale of your apt. The risk is that if I put down the 10% deposit on the new apt and then my buyers don't get approved by the Board, (It's a very small and unlikely chance) then I would have to break the my buyer's contract and lose my deposit. =n the other hand, the studio apt I want to buy just dropped $40K to $445 so I doubt if it will be available in 3 months to purchase. My<=r> question is: Is it better to pass on the good deal then sign a contract and possibly lose $45K deposit? Stressfully yours, =C2 please note The information cattained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for EFTA_R1_01816839 EFTA02616370 JEE Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to [email protected] <mailto:[email protected]>, and destroy this communication and all copies thereo=, including all attachments. copyright -all rights reserved </=iv> --0000000000008fdac3057a995055-- conversation-id 322319 date-last-viewed 0 date-received 1542173782 flags 8590195713 remote-id 870741 2 EFTA_R1_01816840 EFTA02616371