When it comes to filling out a COOP board application one should always keep in mind that even an interview is not guaranteed. An applicant can get rejected before an interview.
Please understand applicants do get rejected even before an interview takes place. And most times the reason for the rejection will never be disclosed. It will be a mystery. Annoying but true. Disclosing the reason for a rejection could created problems for a board. It is not worth the risk for them to share.
So if you are working by yourself (without a real estate agent) don't count on special treatment on getting a reason...you may never get it. And yes, this applies to those working with real estate agents as well. Agents most likely will not discover the reason either.
A board can turn applicants down for just about any reason. However, if the reason pertains to one of the following, and it is discovered by the applicant then the board will have a legal problem to deal with. Remember the board can not violate an applicant's human rights. Those rights are (but not limited too)an rights law.
Anything else else IS fair game.
Boards, as far as I know, reject people for all sorts of other reasons. And some of those reasons for rejection may be
The board is concerned that the apartment will not be their primary residence
The landlord tenant HISTORY scares/worries them
The support package was prepared sloppy or has items missing (many boards give second chances but some don't)
As a real estate agent in Westchester, New York and parts of the Bronx I try to never allow a potential buyer to send in a board application without my review and I also always try to get the listing agent to join me in the review of the package. If the listing agent says no...then that is fine...but at least I asked. Personally, I have never had a board application done correctly the first time. People are always under estimating the extent of completeness that is needed on the applications. For me reviewing an application is mandatory. I don't want a buyer to get rejected before an interview has been schedule...that is if I can help the buyer avoid it.
J. Philip Real Estate is Westchester & Putnam's premier independent brokerage. Founded in 2005, the firm has grown from a single broker to a strong organization of well over 80 associates despite the housing downturn. The team's commitment to results and client advocacy, as well as our focus on technology and innovation, have positioned us as the "go to" brokerage for area buyers and sellers.