the ownership stock certificate for my coop apartment in New York City
wastenot wrote: the ownership stock certificate for my coop apartment in New York City, which reportedly must be in the possession of the apartment owner in order for a bank to issue a mortgage. If I sell the apartment in the future, I will be in trouble if I cannot produce the stock certificate.
“First, don’t panic,” said Stanley Simon, a Manhattan real estate lawyer. “The stock certificate and proprietary lease are only pieces of paper, and if they are lost, there are procedures in place to deal with that.”
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