What is the name of your state (only U.S. law)? MI
Hello I live in Oakland County Michigan. I have been trying to sell my co op unit for two years and I have had a few offers but none of them met all the rules of the Bylaws of the Co op board (they do not allow land contracts for example).
Well I finally got an offer today and the buyer meets every requirement of the bylaws. Except today we told the co op board President and he said he is refusing to meet with the buyer because he wants to turn the place into a senior citizen co op for people 55 and older. The buyer is not 55 but neither am I. These new bylaws are not in place yet and he claims they won't be in place for a month of two.
Can the co op board really do this? My realtor told him that what he is doing may not be legal and the President just said "ok I will meet with him but I don't have anything on my schedule for the next month or two" even though he does not work and is home all day.
I would like to know what my options are here. I feel trapped and I really need to leave. Thank you.
Hello I live in Oakland County Michigan. I have been trying to sell my co op unit for two years and I have had a few offers but none of them met all the rules of the Bylaws of the Co op board (they do not allow land contracts for example).
Well I finally got an offer today and the buyer meets every requirement of the bylaws. Except today we told the co op board President and he said he is refusing to meet with the buyer because he wants to turn the place into a senior citizen co op for people 55 and older. The buyer is not 55 but neither am I. These new bylaws are not in place yet and he claims they won't be in place for a month of two.
Can the co op board really do this? My realtor told him that what he is doing may not be legal and the President just said "ok I will meet with him but I don't have anything on my schedule for the next month or two" even though he does not work and is home all day.
I would like to know what my options are here. I feel trapped and I really need to leave. Thank you.