Cooperative mortgages

 

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Cooperative mortgages

Any loans related to a cooperative residential project.



Cooperative mortgages

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Cooperative project

Cooperative project

A project in which a corporation holds title and sells shares representing individual units to buyers who then receive a proprietary lease as their title.


Cooperative

Cooperative

An organization owned by its members. Examples are agriculture cooperatives that assist farmers in selling their products more efficiently and apartment buildings owned by the residents who have full control of the property.




 
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