Adopt an adversarial underwriting posture - filter buyers against your building's specific financial thresholds before you ever sign a contract. Verify DTI ratios, post-closing liquidity, income stability, and lifestyle compatibility with the building's rules on pets, pied-à-terre use, and subletting. Have your broker audit the completed board package before submission. Prevention is the only reliable strategy.
From the seller playbook: Board Risk Mitigation Strategy for Co-op Sellers
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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