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 The next step, which is of equal importance, is the realization that a deed can be rescinded or voided, and as such, the deed is not the last word on the topic of real estate ownership.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.
Just because it’s silent doesn’t mean it isn’t there. Did you know that the state of New York provides residential tenants with many rights that supersede even the most grueling landlord-favorable lease terms? Below is a list of the top 10 tenants’ rights that should be fully understood by landlords, tenants and real estate brokers who engage in the rental market.
A real estate broker whispers to you that they have an off-market listing that is to die for, but you have no idea what an off-market listing is. More so, the way the real estate broker told you about the listing just sounds to you like something is not right about the transaction. Is this pocket listing even legal?
A good attorney should save you tens, if not hundreds, of thousands of dollars by doing their job right. So why does saving a thousand dollars drive selecting one attorney over another for representation? Andrew Lieb shares a list of 5 questions that you should ask when selecting your attorney.
Imagine finding your dream house, touring the house, negotiating for the house and then getting an accepted offer on the house. Imagine attending a closing and receiving the keys. Imagine moving into your new house and making it your home.Fast forward a few years.Imagine coming home from a hectic day only to find a ticket from Code Enforcement at your doorstep. The ticket states that it’s a vacate order and that you are being fined and must appear in court. In simplest terms, you can no longer live in your home and are being fined $1,000, with each passing week’s continued violation resulting in additional fines, which can escalate up to $10,000 each (these fines vary between municipalities). To reiterate, you need to move out, find a new place to live, correct the violation and apply for a new Certificate of Occupancy; all before considering moving back into your home. Learn how to avoid this scenario.
The Department of Financial Services has closed the door to the good old boys’club of title insurance kickbacks. Say goodbye to free meals and beverages, tickets to entertainment events, gifts, golf outings, parties, office supplies and the like. Two new regulations, Regulations 206 and 208, respectively at 11NYCRR35 and 228, have ended the party.
Imagine finding your dream house, touring the house, negotiating for the house and then getting an accepted offer on the house. Imagine attending a closing and receiving the keys. Imagine moving into your new house and making it your home.
Fast forward a few years.
Imagine coming home from a hectic day only to find a ticket from Code Enforcement at your doorstep. The ticket states that it’s a vacate order and that you are being fined and must appear in court. In simplest terms, you can no longer live in your home and are being fined $1,000, with each passing week’s continued violation resulting in additional fines, which can escalate up to $10,000 each (these fines vary between municipalities). To reiterate, you need to move out, find a new place to live, correct the violation and apply for a new Certificate of Occupancy; all before considering moving back into your home.
A good attorney should save you tens, if not hundreds, of thousands of dollars by doing their job right. So why does saving a thousand dollars drive selecting one attorney over another for representation?
Andrew Matthew Lieb shares a list of 5 questions that you should ask when selecting your attorney. Read the full article published in Dan's Papers here.
Negotiating is first and foremost about preparation.
The following is the first half of a negotiating list that is your go to guide for your next real estate transaction. Whether you are buying or selling, renting or just contracting for a home improvement, you will need to negotiate the deal. To get ready, go over this list, tailor it to your situation and then practice, practice, practice with friends and family. Don’t skimp on practice: any weakness in your negotiating game will be exploited by your counterpart.
You must take control to successfully negotiate your next real estate deal. This is the first in a two-part series.
The Financial
Crimes Enforcement Network (FinCEN) of the US Department of the
Treasury renewed a Geographic
Targeting Order (GTO), on February 23, 2017, requiring “U.S.
title insurance companies to identify the natural persons behind shell
companies used to pay ‘all cash’ for high-end real estate in six major
metropolitan areas.” The counties covered in this renewal are: all New York
City Burroughs, Miami-Dade County, Broward County (FL), Palm Beach County (FL),
Los Angeles County, San Francisco County, San Mateo County (CA), Santa Clara
County (CA), San Diego County, and Bexar County (TX).
Each county will have a different monetary
threshold for transactions
covered by this GTO to become applicable. In New York, covered
transactions shall be all cash payments for real property at or above a total
purchase price of $1,500,000 in Brooklyn, Queens, Bronx, Queens, and Staten
Island. In Manhattan, covered transactions are set at or above a purchase price
of $3,000,000.
A title insurance company involved in a covered transaction
will be required to file a FinCEN Form 8300
detailing, inter alia, the identities of any persons representing the purchaser
and any “Beneficial Owners” (an individual who owns 25% or more in equity of
the purchaser) “within 30 days of the closing.” For New York, this GTO will
continue to prevent anonymous high-end purchasers in the five boroughs.
As of October 1, 2021, Homeowners Associations will no longer be permitted to blanketly block unit owners from installing solar panels in th...
About
Attorney Andrew Lieb is an Attorney, Legal Analyst, & Political Strategist who actively appears on regional and national news and print media including Newsweek, FOX LIVE, NBC, NBCLX, TV 55, CBS, ABC, Court TV, FOX 5 NY, PIX 11, News 12, Newsy, and NewsNation. Radio appearances include America’s First News with Gordon Deal, The Ross Kaminsky Show, Jimmy Barrett, KPRC, KTRH, 1010 Wins, WFAN, NPR, WHPC, KOA, WRCN Radio.
Attorney Andrew Lieb is the Founder of Lieb at Law and Lieb School.
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