Names have been changed to protect the guilty

Let’s call them Bonnie and Clyde, a couple described to me by another broker who specializes in residential sales .  (I am altering other relevant details to preserve the listing broker’s requirement of confidentiality.)

It seems they made a successful offer to purchase a two-bedroom Brooklyn co-op in the $600,000-$700,000 range, having furnished an outline of their finances, when June already was busting out all over. (The operative word here is “bust.”)

The funding was said to be coming from “Clyde,” who had obtained a mortgage commitment, and this couple maintained that they were looking forward to making the apartment their home after their wedding. Thus, they were applying to the board of directors to live in the apartment together.

So far, so good. Continue reading