On October 21, 2014 the New York State Department of Financial Services sent correspondence to Ocwen's General Counsel raising issue "with Ocwen's systems and processes".

What's the single piece of advice you'd give any prospective buyer right now?

Andrew Lieb along with a select group of industry insiders on the East End share advice to prospective buyers on Dan's Papers. Click here to learn more. 

This revised tool is used by "servicers participating in HAMP as a tool for deciding whether to modify a troubled mortgage that is eligible for subsidies under the program".

A main thrust of this new version of the NPV tool is for non-owner-occupied properties.

Additionally, investor incentives for successful modifications are enhanced by way of this new Model v5.0.

If you want to actually know how modification decisions are made, knowing this document is a must.

Business Insider has a terrific article, The 25 Biggest Landowners In The US, where we meet who controls the soil in our country.

The data behind the article was provided by The Land Report.

Most fascinating are the blurbs under each landowner that explains what you do with all of that land - there are ranchers, aerospace testers, foresters, lumber-manufacturers, equestrians, conservationists, farmers, and much more.

In perspective, Manhattan Island in New York City is 22.7 square miles or better stated - John Malone owns more land than 151 Manhattans.

The Appellate Division recently addressed a situation where a guaranty accompanying the original lease was enforced post-modification of that underlying lease in 4 USS LLC v. DSW MS LLC where the court ruled that the Guarantee could "recover under the terms of the lease, prior to its modification".

This means that where you make a deal to modify the terms of your lease, you may still be personally liable under the old guaranty for past breaches of that previous lease.

The takeaway from this case is to address the guaranty documents in the modification documents and expressly state the intentions of the parties as to past breaches and their enforceability post-modification.

Real estate agents often only think about getting the functional results that their clients expressly state accomplished - this case is a reminder of the necessity to clean up the past before emerging into the goals stated by your clients for the future.

Otherwise, the past can come back to bite you.

If you or your clients are in the process of purchasing property and want a resource guide that explains Homeowners' Insurance, check out Andrew Matthew Lieb's latest article featured in The Huffington Post.

Surprises About Homeowners' Insurance You Probably Didn't Know


Topics Include:

• Categories of Insurance
• Deductibles
• Property Damage Coverage
• Off-Premises Coverage
• Household Workers' Coverage
• Rental Issues
• Notice Requirements
• Mitigation Requirements
• Duty to Defend
• Declaratory Judgment Option: 

Now, the new rule permits a loan that was previously permanently modified under HAMP to be re-modified regardless of loss of good standing so long as, either, the borrower has experienced a change in circumstance, or at least 12 months have passed since the HAMP Modification Effective Date. This amendment will allow for borrowers to re-modify loans that have already received a HAMP permanent modification if they experience a new hardship or if one year has passed.

Join a thriving law firm that leverages informational imbalances and leads our profession through advocacy and advice supported by cutting-edge technology and know-how.

You will be exposed to real estate litigation and assist in cases from real estate brokerage through landlord / tenant, premises liability, personal injury, foreclosure defense and more.

This is a litigation support position, inclusive of drafting legal memos, pleadings, discovery and motion practice. Deductive reasoning skills required. Must be a self-starter with ambition and drive.

Those that succeed in this position can earn a Junior Associate Attorney position once licensed. Partner track available for the highest level achievers.

This career opportunity is out of our Center Moriches office.

To Apply: Submit Cover Letter, Resume and Writing Sample to careers@liebatlaw.com 

Click here to learn more about Lieb at Law.