Nassau approved plan to overhaul commercial property tax assessment system

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Tonight's Class - Mold is Money

Free CE Class Tonight in Center Moriches.

Course: Mold is Money

Instructors: Andrew Lieb (Managing Attorney of Lieb at Law, P.C.) and Shawn Lopez (Owner, PuroClean)

Summary: Health, law, and safety. Mr. Lopez brings his hands-on experience as a professional mold remediator, while Mr. Lieb offers both his background as an Adjunct Health Professor at Nassau Community College and his legal expertise as we delve into this complex field from 3 angles. You will be introduced to spores like you have never seen them before, as a profit center for transactions, leasing, and property management. You will also learn to minimize your own exposure to liability.

For more information about registration. Visit www.liebatlaw.com/realestateschool

Nassau commercial property tax assessment system may be changing

Stay tuned to news 12 for updates and this blog for comments. The legislature is currently voting, to learn more click here.

July 7th Mortgage Mania Course Waiting List

There is currently a waiting list to take the new approved 3- credit course "Mortgage Mania" on Wednesday July 7th in Center Moriches. If you would like to be put on our waiting list, please email the request to lauren@liebatlaw.com.

Mortgage Mania: 3- Hours

Instructors: Andrew Lieb, Esq., MPH (Managing Attorney, Lieb at Law, P.C.) and Karen Laurence (Mortgage Loan Officer, Bethpage Federal Credit Union)

Summary: It’s time to learn the secrets in order to qualify for a mortgage. This seminar will begin with the basics, discussing everything from the definition of a mortgage to types of mortgages. You will learn who the players are at the bank and how their respective roles impact your deal. Mr. Lieb will discuss the differences between a prequalification and a commitment and how to close your deal smoothly under the Real Estate Settlement Procedures Act. Mrs. Laurence will share secrets that occur behind the scenes at the banks and let you know how to navigate through issues with credit scores. This course will enable you to weed-out high-risk clients and to advise average credit score clients on structuring their applications to get approved. Let’s prevent mortgage contingency clauses from killing our deals.

Its time to buy

Everyone talks about the first time homebuyer tax credit & that home prices are at record lows, thats nice, but I am interested in this headline in Newsday from today: "Mortgage rates plummet to record lows". In the article its reported that the "30-year fixed interest rate fell to 4.69 percent". That makes borrowing money so cheap. To illustrate I went to http://www.mortgagecalculator.org/ and plugged in borrowering $350,000 on a $400,000 purchase at 4.69% and than at 5.69%. This illustrates the difference in 1% interest on a 30 year loan.

At 4.69% the monthly payments are $2,323.55 and the total payment would be $836,476.53. At 5.69% the monthly payments are $2,539.60 and the total payment would be $914,256.26. To be clear, that is a difference of over $200 per month and over $77,000 paid over the life of the loan. Thats a reason to buy now.

Home Schematic

Thank you to all who attended our course, Discovering the Home Inspection, last evening. Here, as promised you can find the Home Schematic thanks to Housemaster.