[WSBAPT] Coop transfer

[Doris Eslinger]

I've done one  also recently. In my case, the management provided the contract for the transfer of the shares and designated the escrow company which was a law firm. In our case, the management had a waitlist of buyers for the shares so we didn't have to look for a buyer.  

Doris

> On Jun 27, 2017, at 4:47 PM, John J. Sullivan <sullaw at comcast.net> wrote:
> 
> Lisa: 
> 
> I think I did this once. 
> 
> Generally, Co-Op ownership is evidenced by shares of stock with a long term lease of premises and common areas. I would think you transfer shares like shares, assigning the leases - all in compliance with the operating agreement and obtaining any required permissions. 
> 
> John Sullivan
> 
> Sent from my iPhone
> 
>> On Jun 27, 2017, at 3:26 PM, Lisa E Schuchman <lisa at lisaschuchman.com> wrote:
>> 
>> In a probate I need to transfer ownership of a coop to an heir.  I have researched everywhere inside my brain and don’t think I have done this before!  I have a call in to the property manager, but does anyone have advice? 
>>  
>> Thanks,
>>  
>> Lisa E. Schuchman
>> 206-960-4212
>> www.lisaschuchman.com
>> 
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