LIEB BLOG

Legal Analysts

Showing posts with label shareholder. Show all posts
Showing posts with label shareholder. Show all posts

Friday, January 21, 2022

21 Jan

Reverse Loans Available for Senior Shareholders in New York

Those 62 and older living in cooperative apartment units in New York will soon be able to obtain reverse mortgage loans. The amended law was signed by Gov. Hochul on January 24, 2022.To qualify, the borrower must certify annually on each anniversary of the loan that they reside in the unit and that it is their...

Monday, September 23, 2019

23 Sep

Law Alert: LLC Owners ID Must be Disclosed in Real Estate Deals

ATTENTION LLC Owners LLC sellers & buyers of residential property (1-4 family houses) will no longer be able to hide their identities. Transfer tax returns submitted by LLCs, as required when transferring real estate, will no longer be accepted by the clerk's office unless submitted with the names and addresses of...