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Articles Posted in General Interest

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So, You Think That You Have What it Takes to Buy a Foreclosed Home in New York.

With all the negative press that the real estate market has been suffering lately, you are ready to look for homes in Dutchess, Rockland, Westchester, Putnam or Ulster County. You have that money burning the proverbial hole in your pocket seeking to purchase a foreclosed home for investment. Do you…

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New York Homebuyers– Common Tax Traps for the Unwary

Are you buying a house in New York, but forgetting to calculate your full monthly nut? Mortgage payments are not the only bite out of the monthly payments that New York Homeowners and buyers make every month. Aside from the principle and interest payments, mortgage holders must pay real estate…

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Environmental Disclosure– New York Takes the Lead– But Where Will it Lead

New York State has recently enacted a new section (27-2405) of the Environmental Control Law which shall now require Landlords and Owners to Notify Tenants of “Indoor Air Contamination.” Effective December 2008, property owners and landlords will be required to to disclose the results of environmental testing to tenants (both…

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Lawyers are Just as Susceptible to Scams as Anyone

I have to comment on this scam because many lawyers are getting slammed, and I routinely get solicited from my private web-site for this type of scam: Someone representing an Asian company goes onto my web-site and tells me they need to collect a six figure judgment against “suppliers” in…

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Legal Malpractice Claims and Real Estate– OOPS-

According to an American Bar Association, real estate lawyers are being sued more often for bad advice arising from real estate transactions According to a recent study of various insurance companies, and their claims between 2004 and 2007, malpractice claims against lawyers related to real estate transactions climbed four percentage…

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Real Estate Brokerage Disputes– New York Law Amended.

When commission disputes arise, how do you handle them in New York? Real Estate brokers, realtors, and other real estate professionals who depend upon a commission to be paid will now have a clearer path to address their commission disputes. Under the recently amended NY Real Property Law (“RPL”), Section…

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Even the Big Real Estate Deals Have Problems– New York

You would think that paying $53.5 million for two separate penthouse apartments in New York’s famed Plaza Hotel would get you what you paid for. Not always! According to published reports about one recent real estate transaction, Andrei Vavilov, hedge fund financier, has sued the hotel developers El-Ad Properties and…

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Elimination of the Justice Courts– Upstate New York?

Is the New York State Office of Court Administration going to eliminate many Justice Courts throughout rural and upstate New York? That’s what the commission appointed by Chief Judge Judith S. Kaye recommended. Who amoung us has not been before the local justice court, where judges, sometimes lawyers/ sometimes not,…