The moratorium on foreclosures expires on August 20th (EO 202.28) and a foreclosure tsunami is coming.
According to CNBC, "32% of U.S. households missed their July housing payments" based on a survey by Apartment List, which also advises that 17% of "homeowners [are] concerned about foreclosure."
To prepare for the tsunami,...
Showing posts with label #realestateinvestingwithandrewlieb. Show all posts
Showing posts with label #realestateinvestingwithandrewlieb. Show all posts
Tuesday, July 21, 2020
Tuesday, June 30, 2020
30
Jun
If you are a NYS landlord, you MUST read the decision from the case Elmsford Apartment Associates LLC v. Cuomo if you want to be on the top of your game.
We aren't going to discuss the results, beyond saying the Court ruled that Governor Cuomo can legally suspend evictions and more during a pandemic.
We focus...
Friday, June 05, 2020
5-Step
Plan to Reopen Your Long Island Business
We
are reopening throughout Long Island!
Phase
2 is Wednesday - Are you ready to open your business?
Reopening
isn’t just going back to work – there are 5 steps that businesses must take to
open their doors if they want to avoid legal troubles.
Step
1....
Thursday, May 21, 2020
21
May
On
May 13, 2020, the NYC Council approved Int.
No. 1932-A,
which makes substantial changes to personal guaranties in commercial leases.
The bill is on the Mayor’s desk to be enacted.
The
bill’s purpose is to provide relief to NYC commercial tenants impacted by
COVID-19. It temporarily prohibits the enforcement of...
Friday, May 15, 2020
15
May
Nassau County Supreme Court Justice Jeffrey Brown struck down Nassau County’s $355 fee to verify a property’s section, block and lot due to it being unlawful and unconstitutional.
In Falk v. Nassau County, the Plaintiff alleged that Nassau County excessive fees for tax map certification letters (TMCLs) as issued pursuant...
Thursday, May 14, 2020
14
May
The Coronavirus Aid, Relief, Economic and Security (CARES) Act allows borrowers to request a forbearance on their mortgage. (You can read more about the CARES Act and mortgage forbearance requests in our article HERE.) As bankruptcy filings are expected to rise due to the COVID-19 pandemic, the U.S. Bankruptcy Court...
Wednesday, May 13, 2020
13
May
You can't just decide to stop paying your mortgage without consulting with your Lender.
In Episode 42, Andrew and Lauren breakdown the cost/benefit analysis of whether you deserve a mortgage modification. We discuss foreclosure lawsuits, mortgage terms and what motivates a modification from your lenders perspective....
Tuesday, May 12, 2020
12
May
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The LIEB CAST
Eviction Tsunami is Coming: Tips to Renegotiate Your Lease
Share on Facebook
...
Monday, April 27, 2020
27
Apr
Major NEW Fair Housing Regulations are effective June 20, 2020 according to the NYS Board of Real estate meeting that was held on April 27, 2020.
ALERT: Real estate brokers must implement trainings immediately on their salespersons distributing the new required disclosure form or risk both license law violations and...
Friday, April 24, 2020
24
Apr
On April 23, 2020, the U.S. Small Business Administration issued new guidance on the Paycheck Protection Program under the CARES Act, specifically concerning the SBA’s position on good faith certifications and limiting PPP funding to public companies. All applicants and recipients of PPP funds should pay close attention...
Friday, April 17, 2020
17
Apr
Governor Cuomo has signed Executive Order 202.18 which extends deadlines for condominium offering plans, offering breathing room to developers. The deadlines for the following requirements have been tolled:
Requirement of filing an offering statement or prospective within 15 months of date of issue of the letter from the...
Monday, April 13, 2020
13
Apr
On April 12, employers were ordered to provide their staff with face coverings.
The Executive Order 202.16 provides:
For all essential businesses or entities, any employees who are present in the workplace shall be provided and shall wear face coverings when in direct contact with customers or members of the public....
Friday, April 10, 2020
Do you need Medicaid and can’t wait for a 5-year lookback to qualify?Then, consider Spousal Refusal, which with the Reverse Rule of Halves, represent 2 options to avoid the 5-year lookback requirements. Spousal Refusal means that assets are transferred from the Medicaid applicant to such applicant’s spouse (the community...
10
Apr
Medicaid provides a penalty period for the transfer of assets for less than its fair market value within 5-years of an individual’s application for Medicaid. The penalty is calculated by taking the amount of the transfer and dividing it by the average cost of one month of nursing home care in the region where the applicant...
Thursday, April 09, 2020
09
Apr
On March 9, 2020, Executive Order 202.6 mandated non-essential businesses to reduce their in-person workforce by 50% and later, by 100%. Today, the Empire State Development (ESD) issued guidance on Executive Order 202.6 to further determine which businesses are considered essential.
What does the ESD Guidance mean for...
Tuesday, April 07, 2020
07
Apr
Through Executive Order 202.14 and effective from April 7, 2020 to May 7, 2020, the act of witnessing as required in signing a will, healthcare proxy, disposition of remains, recording of instruments regarding real property, power of attorney and living trusts may now be done through audio-video technology.
To do so,...
07
Apr
By Executive Order 202.14, Governor Cuomo has permitted the use of this form for "any parent, a legal guardian, a legal custodian, or primary caretaker who works or volunteers in a health care facility or who reasonably believes that they may otherwise be exposed to COVID-19... [to] designate a standby guardian" for their...
07
Apr
By Executive Order 202.14, Governor Cuomo enacted new penalties for violating Coronavirus Executive Orders, in addition to what we discussed in our blogs - Penalties for Keeping Your Real Estate Opened in Coronavirus Expanded and What Happens When You Ignore the Essential Services Executive Order.
The new...
Friday, April 03, 2020
03
Apr
The Coronavirus Aid, Relief, & Economic Security Act (CARES Act), signed into law on 3/27/2020, includes expeditious relief for America's small businesses through loans funded at $349 billion.
§1102 of the CARES Act establishes the Paycheck Protection Program (PPP) under the SBA 7(a) Loan Program & §1106...
