Blogs

When buying or selling a home, the title is a critical aspect that often goes unnoticed, until it becomes a problem. Title issues can severely derail a real estate transaction by causing delays or even leading to litigation. In this post, we will delve into common title issues and how to resolve them, ensuring a smoother closing process. “Real Estate Deal.” 89 Stocker / Canva (2024).https://www.canva.com/photos/MAEEl0M7mnI/. What is a Title? In real estate, a title is the legal doc...

New York State has a system of rent regulation known as Rent Stabilization. New York State enacted the Rent Stabilization system in 1969 which intended to protect tenants from illegal and over-excessive increases in rent while permitting a fair return to owners who invest in real property.1 The Rent Stabilization system generally covers: (1) buildings of six or more units built between February 1, 1947, and December 31, 1973; (2) buildings built before February 1, 1947, who moved in after June 3...

When a homeowner is experiencing financial hardship to pay the mortgage, the mortgage servicer or lender allows the homeowner to pause or reduce the mortgage payments for a limited period of time while the homeowner can regain his or her financial footing.1 Such temporary pause or reduction in mortgage payments is forbearance. Since Congress has passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March 2020, a homeowner is eligible for forbearance for up to 12 months.2 ...