Real estate has long been the star attraction on the East End, and soon it will star in the pilot of a new reality TV show. The brainchild of real estate attorney and Lieb School founder Andrew Lieb, Neighbor Court will hear real estate disputes between neighbors and, with Lieb himself as the Arbitrator, resolve the situations while entertaining and educating the public about the laws that rule the market in which we buy, sell, rent and live.
To read the full article, written by Eric Feil of Dan's Papers click here
Find Full Casting Call for "Neighbor Court" at DansPaper.com
Thursday, December 18, 2014
Friday, December 12, 2014
Casting Call! Andrew Lieb's Reality Show Pilot Seeks Neighbors in Dispute
We're looking for people who have had some sort of colorful, interesting dispute with a neighbor, and who are willing to go on camera to resolve the dispute in a reality court TV show with Andrew Lieb, Esq. as the Arbitrator. We will render decisions in a fun and educational atmosphere (“edutainment”). Both neighbors must participate. We are looking for a variety of locations and stories, so you can live in any type of neighborhood, or dwelling: houses, condos, co-ops, rental apartments, etc. Issues can range from your neighbor’s invasive landscaping, to the wrongful removal of your trees, to the maintenance of a shared driveway, to a loud share-house next door, or to being harassed by a neighbor.
From waterfront vacation homes to everyday living, submit your story and contact information to info@liebschool.com to participate.
*No legal representation or advice is offered and/or provided incident to your participation in Neighbor Court and you should always consult with an attorney prior to determining if you should participate.
SUBMIT YOUR STORY TODAY
Wednesday, December 10, 2014
ALERT - Throw Out Your Old Form Leases Immediately
Residential leases are now required to contain a notice to tenant(s) concerning the existence of sprinkler systems.
“Sprinkler system” shall mean a system of piping and appurtenances designed and installed in accordance with generally accepted standards so that heat from a fire will automatically cause water to be discharged over the fire area to extinguish it or prevent its further spread.
See Executive Law 155-a.
Read the new law at Real Property Law 231-a.
The law specifically requires:
“Sprinkler system” shall mean a system of piping and appurtenances designed and installed in accordance with generally accepted standards so that heat from a fire will automatically cause water to be discharged over the fire area to extinguish it or prevent its further spread.
See Executive Law 155-a.
Read the new law at Real Property Law 231-a.
The law specifically requires:
- Notice in bold face type;
- Notice that a maintained and operative sprinkler system in the leased premises is in - EXISTENCE OR NON-EXISTENCE; &
- The last date of maintenance and inspection of any EXISTING sprinkler system.
The Bill's Justification states that "According to the Fire Sprinkler Initiative, the availability of smoke detectors, coupled with a maintained and operative sprinkler system installed in a residence, decreases the risk of dying in a fire by over 80%."
As a person that is into living, that statistic is jaw-dropping in support of the existence of sprinklers in residential housing. At the least, this new law provides tenants with the knowledge to make an informed choice as to whether to live in a premises without a sprinkler system.
Real estate professionals should now immediately throw out any of their old leases and make sure to have a new residential lease prepared that complies with Real Property Law 231-a. Also, cooperative boards must not forget that they are leasing property as well. So, cooperatives that amend their proprietary leases must comply with RPL 231-a or risk the lease being held void.
Tuesday, December 09, 2014
Help is Here to Prevent Mortgage Modification Scams
Do you feel that you are a victim of a mortgage modification scam?
According to the Attorney General: "Thousands of New Yorkers are scammed by companies who take advantage of homeowners in distress."
To combat these scams, the Attorney General established AGScamHelp.com, which offers "free, qualified mortgage assistance relief services from a network of trusted partners operating across the state under the New York Attorney General Homeowner Protection Program (HOPP)."
The new site offers both English and Espanol.
The site also enables one to report a scam in a loan modification.
So, protect yourself if you need a modification. Remember, attorneys can provide valuable assistance in defending a foreclosure, but be careful of "attorneys who bring baseless lawsuits just to charge consumers a fee". Rarely, if ever, can attorney get your mortgage removed from your house. Instead, attorneys can assist in modifications, short sales and deeds-in-lieu of foreclosure incident to defending a lender's lawsuit.
According to the Attorney General: "Thousands of New Yorkers are scammed by companies who take advantage of homeowners in distress."
To combat these scams, the Attorney General established AGScamHelp.com, which offers "free, qualified mortgage assistance relief services from a network of trusted partners operating across the state under the New York Attorney General Homeowner Protection Program (HOPP)."
The new site offers both English and Espanol.
The site also enables one to report a scam in a loan modification.
So, protect yourself if you need a modification. Remember, attorneys can provide valuable assistance in defending a foreclosure, but be careful of "attorneys who bring baseless lawsuits just to charge consumers a fee". Rarely, if ever, can attorney get your mortgage removed from your house. Instead, attorneys can assist in modifications, short sales and deeds-in-lieu of foreclosure incident to defending a lender's lawsuit.
Tags:
Mortgage,
Mortgage Industry
Monday, December 01, 2014
Lieb at Law is Hiring an Associate Litigation Attorney
Lieb at Law, P.C., a thriving litigation firm, is expanding
our team and seeking the next Associate Attorney to help raise the bar and lead
our profession in a collaborative and inspiring setting. This is an exciting
opportunity for someone looking to gain hands-on litigation experience
inclusive of appearances and conferences, depositions, trials, negotiations,
and motion practice. The firm offers an
educational environment where once you prove your competency you can set your
own career benchmarks inclusive of partner track and the opportunity to get
published. You will be exposed to
Complex Commercial, Corporate and Real Estate Litigation; Plaintiff Personal
Injury; Outside Counsel Corporate Litigation; and Real Estate Brokerage
Litigation. We are a paperless office that uses cutting edge technology.
Minimum Requirements Include:
- 6 Months to 3 Years of Experience as an Associate Attorney
- Excellent Communication Skills
- Deductive Reasoning Skills
This position is exclusively out of our Center Moriches
Office which is located in Suffolk County in the Riverhead / Westhampton Area.
To apply: Submit Cover Letter and Resume to Careers@liebatlaw.com
Include Salary Requirements
Candidates will only be considered that submit a compelling
cover letter inclusive of why they want to interview for a career opportunity
with Lieb at Law, P.C.
Tuesday, November 25, 2014
Good Faith Decisions on Short Sales - Updates Coming 12/1/2014
Effective December 1, 2014,
the Courts of the State of New York will oversee negotiations between lenders
and borrowers to achieve a short sale or deed-in-lieu within foreclosure
settlement conferences. The Courts are empowered to sanction parties who
negotiate in bad faith.
Previously, borrowers were only allowed to attend the
conferences to discuss workout options, such as loan modifications and payment
plans, which would allow borrowers to keep their homes. If borrowers were
denied loan modifications, their cases would be released from the settlement
conference part, and they would be forced to do short sales or deeds-in-lieu on
their own without court intervention or oversight. Oftentimes, these exit
strategies took a very long time because many borrowers with second mortgages
had difficulties settling their second mortgages or were unable to keep up with
the lender’s numerous and complicated document requests. Many borrowers simply
gave up and allowed their properties to go to foreclosure rather than spend
thousands of dollars on legal fees for help with a short sale that was never
going to be approved.
Now, with court oversight, it is anticipated that lenders
will now be making quicker decisions on short sale and deed-in-lieu
applications within the State of New York, and there should be fewer
foreclosures overall. The court referees will set deadlines for the submission
and review of short sale and deed-in-lieu applications and will ensure that the
borrower is complying with the lender’s document requests and that the lender
is properly reviewing the applications.
Despite this new rule, it is likely that short sales will
continue to decline because the Mortgage
Forgiveness Debt Relief Act of 2007 expired at the end of 2013. Under this Act,
borrowers were not required to pay income tax on cancelled mortgage debt as a
result of loan modifications, short sales, or deeds-in-lieu. Now that it has expired,
borrowers who choose to do short sales may be hit with large tax bills after
they sell their properties for less than what is owed on the mortgage. Therefore,
even though the short sale and deed-in-lieu application process will be quicker
with court oversight, borrowers may still choose to not move forward with these
exit strategies because they cannot afford the taxes.
By Litigation Team at Lieb at Law, P.C., &
Anonymous
Tags:
202.12,
deed-in-lieu,
Foreclosure settlement conference,
Loan Modification,
Mortgage Forgiveness Debt Relief Act,
Short Sale,
Uniform Civil Rules For The Supreme Court And The County Court
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