What is an Aztech Recognition Agreement?

Hi Tom – great question! The Aztech Recognition Agreement is only required if a bank is involved and you’re taking out a mortgage on the purchase. If you have other questions, we encourage you to ask them in our forum so that others can chime in: https://www.hauseit.com/forum/forum/buying-real-estate-in-ny

Hi, if only myself is on the stock cert as a shareholder and i am getting a Heloc loan with my significant other who is not a share holder. Who will be on the Aztec Agreement? Myself only as the share holder? Or both myself and the other borrower(non shareholder)

Hello, it’s my first time applying for a co-op apartment and I’m in need of some guidance. For the past three months I went through the process of going into contract, and once the contract was signed, I provided the application to the co-op board. The recognition agreement wasn’t specifically requested in the application package, but was requested after I submitted the packet. It was signed by myself and the lender, and I certified mailed a check for $400 as I was directed to for the recognition agreement. The process to get the recognition agreements took over two additional weeks after I had already filled the packet. I’m being told I’m denied by my realtor, although I haven’t received any response from the board. Is the recognition agreement usually requested prior to the boards aproval?