Tuesday, October 31, 2017

Lieb at Law: Top 5 Lawsuits That Can Undo the Transfer of Property

The first step to determine who owns a given parcel of real estate in the State of New York is to visit the County Clerk’s Office and to locate the latest recorded deed on the parcel. Recording of a deed is imperative because we live in a Race-Notice State and, under the Recording Act, priority of ownership is often determined by who records their deed first (i.e., the First in Time / First in Right Rule). The next step, which is of equal importance, is the realization that a deed can be rescinded or voided, and as such, the deed is not the last word on the topic of real estate ownership. As such, these top 5 lawsuits to set aside the deed should be considered in order to determine if the recorded deed is in jeopardy. Only then, should a property be sold.

Read the full article by Andrew Lieb, Esq. published in Dan's Papers here.

Friday, October 27, 2017

Tuesday, October 24, 2017

Congratulations, Leslie Mendoza, on Passing the New York Bar Exam!

Lieb at Law is proud to announce that Leslie Mendoza has passed the New York Bar Examination.

Ms. Mendoza has been a law clerk focused on assisting the firm’s compliance practice, as well as, real estate and commercial litigation. Upon admittance to the NY Bar, she will be the firm's 8th Attorney. 

It's not surprising that Ms. Mendoza passed the bar exam on the first try.

Ms. Mendoza graduated from Touro College Jacob D. Fuchsberg Law Center with magna cum laude honors where she was part of the inaugural two-year program and the Touro Law Review. Prior to law school, Ms. Mendoza graduated from Ateneo de Manila University in the Philippines, with a B.S. in Legal Management and a minor in International Business. Ms. Mendoza also attended Munich Business School where she studied European Business.
Congratulations, Leslie! We know how hard you worked for this and we cannot wait to see what you can do as a practicing Attorney in New York!




Wednesday, October 11, 2017

Free CE | Title Waves | 3 Credits | Melville

FREE CE


11/2/17 from 4:30pm to 8:10pm

Food & Refreshments included and brought to you by our sponsors. 






Did you know that approximately 25% percent of real estate deals have title problems?  This title insurance course will help real estate agents avoid dead deals due to misinformation throughout the transaction process. You will learn who the underwriting players are and how their respective roles can influence your deal. We will discuss the impact of unmarketable title with brokerage commissions.  Additional topics covered include liens and forgeries in the chain of title and what transpires in real life cases. This course will enable you to take preventative measures to accurately describe your listing and avoid terminal transactions.
Let’s prevent title issues from killing our deals.

Monday, October 9, 2017

Good Faith Purchaser for Value's Ability to Record Memorandum Heard by Second Department

Andrew M. Lieb discusses the Appellate Division case of Vanderbilt Brookland, LLC v. Vanderbilt Myrtle, Inc., which clarifies the strict statutory recording requirements necessitated to establish bona fide good faith purchaser for value status when the recording is a memorandum of purchase and sale agreement rather than a contract of sale. This case matters when there are competing title claims of priority by differing contract vendees to the same real property. 

Read the full article published in the Suffolk Lawyer here. 

Thursday, October 5, 2017

Real Estate Salesperson FAQ: NY CE Requirements and Switching Broker of Record

A Real Estate Salesperson recently asked the following question:

Question: "If a broker released my license, can I still take the CE 22.5 hours and get credit towards my license? Or do I have to wait until a broker hires me? "

Answer (from The Department of State of NY): A renewal license will be issued to any licensee eligible to renew who has not been expired over 2 years, has completed the 22.5 hours of continuing education or is exempt and is associated with a broker at the time of renewal. There is nothing in the continuing education regulations that require a sponsoring broker be in place to be eligible to complete continuing education.