An interesting difference is in the case of foreclosure. I believe in the case of a co-op the co-op fees take precedence over the lending bank being made whol

An interesting difference is in the case of foreclosure. I believe in the case of a co-op the co-op fees take precedence over the lending bank being made whole, while in the case of a condo the bank is made whole first. There are also subtle differences in the foreclosure process. In judicial states (where a foreclosure must be signed off by a judge) co-op foreclosures are typically non-judicial.