"At this point, you really haven't done anything yet because the co-op corporation still owns both parts," he said.

The co-op corporation would also have to pay off any mortgage on the building itself.

There are also potential tax implications for both individual shareholders and the co-op corporation.

I then bought the two units above my apartment from the co-op corporation.

Another hazard could be the fiscal health of co-op corporations.

A different set of problems arises for the co-op corporation.

Part of the problem lies with the co-op corporations themselves.

The application can be made by the co-op corporation or one of its agents.

The balance was to come from the co-op corporation and four other directors.

And co-op corporations are cautiously picking up on the offers.