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Your lender can answer this question for you. The difficulty lies in the fact that when you purchase a co-op, you are buying into a corporation, with no clear ownership title to the space assigned for your use.

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10y ago
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6mo ago

It depends on the specific rules and regulations of the co-op. In some cases, co-op members may be able to access the equity in their units through a refinance or by selling their shares. However, not all co-ops allow for this, so it is important to check the co-op's bylaws or consult with the management for clarity on accessing equity.

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Q: Can you get equity out of a co-op?
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