Which of the following is true regarding cooperative apartments?
A)They are essentially the same as condominiums.
B)It may be more difficult to obtain a home mortgage for them.
C)They tend to be more expensive than single-family dwellings.
D)They produce more tax advantages than other types of homes.
E)All of the above are true.

Question

Quizplus · Accepted Answer

Cooperative apartments can be more difficult to obtain a home mortgage for since the borrower does not actually own the unit, but rather owns a share in the cooperative corporation that owns the building.

Which of the Following Is True Regarding Cooperative Apartments