Reaching the point in your life where you feel ready to buy a home can bring excitement and uneasiness. The home buying process takes time and requires careful planning to optimize the funds you have available. Part of the financial obligation you have is to pay...
Title: How to handle a cloud on the title of an investment property When ownership of a piece of property in New York is unclear, any transactions can become complicated, leading to derailed projects and long-term disputes. Titles, deeds, right of way and a broad...
One of the things that you probably never worry about is your bank going out of business. It really is not something that happens often. However, what happens when your mortgage lender alerts you that is it closing? According to the Federal Trade Commission, it often...
Home sellers are required by law to disclose information regarding the condition of the property and other issues that could negatively impact its value. This is typically done via a disclosure document. If a seller intentionally fails to fully and truthfully complete...
Recently we discussed ways that real estate professionals can avoid housing discrimination lawsuits. Now, in the state of New York, the stakes are even higher for real estate agents and brokers who violate laws against housing discrimination.Early this month, Gov....
Anyone involved in any phase of a residential real estate transaction – especially any professional – should be familiar with the Fair Housing Act. This is the federal law that prohibits discrimination against potential buyers on the basis of race,...
If you're going to be out of town for a time on business or vacation or staying with family and are considering listing your home on Airbnb or another vacation rental site, make sure you know the law. New York City has strict regulations involving the rental of homes...
Real Estate IRC Sec. 1031 exchanges today are very common. With respect to completing a successful 1031 exchange and deferral, there are stringent timelines for forward exchanges. Here are a few relevant timed deadlines: Within 45 days of the sale of relinquished real...
Your widowed grandmother has a rent-stabilized apartment in one of the most coveted neighborhoods in Brooklyn. She's talking about moving in to an assisted living facility within the next few years. You'd give anything to get her apartment when she leaves. How can you...
When you find the home of your dreams, you hope to move in as quickly as possible. However, you don't want to get ahead of yourself, as doing so could result in your overlooking an important detail.There are many potential issues that can delay the closing on your...
