Today, we’re going to talk about an important issue called title insurance. A lot of people know about homeowner’s insurance but not necessarily “title insurance.” If a house catches fire and there is physical damage to the building, the owner is covered because of the homeowner’s insurance. Similarly, if there is an unpaid debt against […]
May 22, 2014 By
3 Tips Regarding Tax Abatement for Newly Constructed Condominiums
Story: Kenneth is a young professional. He’s looking to buy a condominium with tax abatement, so that he can afford to pay the mortgage without paying too much in real estate taxes. In New York City, new construction condos built in certain areas are qualified to benefit from 421a tax exemption (for details check out […]
October 25, 2013 By
Do you know what you are paying for? Check out the CO!
Law and Practices: Certificate of Occupancy (CO) is a document which dictates the legal usage of a real estate property. The CO is issued by the New York City Department of Buildings (DOB). Here is a link to the NYC Department of Buildings. Anyone can check online about information on a particular building, such as […]
September 17, 2013 By
Transferring a Deed? Don’t Forget the No Consideration Affidavit!
Laws and practices: A common practice in real estate law is called deed transfer. What is a deed transfer? A deed transfer is when you change the name(s) on the deed, which is an instrument of ownership of a piece of property. I have been requested by many of my clients to do that, mostly […]
July 25, 2013 By
Ownership of the home? Check the Deed.
Today, the housing market is going up and a lot of the people are looking to buy houses because interest rates are really low. However, buying a new home is a lot of work and procedure, especially for the first time buyer. When it comes to closing, sometimes there is one important legal issue left […]
