Make sure you have your attorney on board to negotiate your contract. A contract negotiated with your needs in mind, will go toward experiencing a smooth closing.
But long before you are ready to close, your attorney will need to deal with any issues developed by the judgment and lien search, will need to review the financials and minutes of the cooperative (usually at the office of the managing agent) and report back to you about the status of the cooperative's finances, and the workings of the Board, review your Board package with you, because unless the Board agrees to the transfer, you will not have a closing.
So hire your attorney at the very start of the process.
The answer provided to you is in the nature of general information. The general proposition being that you should try to avoid a bad outcome if you can.
Consult with a coop and condo lawyer. The lawyer will review the contract, title report, etc. and represent you.
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Depends on the issue. All issues are supposed to be resolved pre-closing. That is the purpose of the contract, title report, and inspection of the co-op.
Consult with a real estate attorney regarding your specific issue. Best of luck.
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This answer is provided for informational purposes only and does not constitute legal advice. You should not take action based upon this information without consulting legal counsel. This answer is not intended to create, and does not create, an attorney-client relationship.