LIEB BLOG

Legal Analysts

Friday, April 15, 2011

CE on Short Sales & Foreclosure 5/10 in Melville * Only a few seats left!

Attention Real Estate Professionals: We have a few seats left for Foreclosure & The Economy: The Short Sale Class on May 10th at the Newsday Training Center in Melville. Register now before its full! 3 CE Credits! FOOD FUN AND FREE!
Foreclosure and the Economy: The Short-Sale Class
This seminar is very similar to the course that Mr. Lieb taught to the Suffolk County Bar Association as a Faculty Member of the Suffolk Academy of Law. Beginning with basic definitions, this course quickly jumps into providing the requisite skills to draft a Hardship Letter, negotiate with a Loss Mitigation Department, navigate The Mortgage Forgiveness Debt Relief Act of 2007, and much more. This course will get you ready to make money in this difficult economy.

Click Here to Register

Thursday, April 14, 2011

Electronic Contracts

Good news! 15 USCS 7001(a)(1) says that a signature, contract, or other record relating to such transaction may not be denied legal effect, validity, or enforceability solely because it is in electronic form; and 15 USCS 7001(a)(2) declares that a contract’s validity may not be denied legal effect solely because an electronic signature or electronic record was used for its formation.

Naldi v. Grunberg (908 N.Y.S.2d 639 (2010)) interprets this statute according to NYS law, that electronically subscribed contract be given the same legal effect as a contract subscribed on paper, whether or not the transaction affected interstate or foreign commerce.

This means that contracts, including real estate contracts, may be signed and sent by either electronic mail or facsimile.

Wednesday, April 13, 2011

Reminder-Tax Grievance Time!

Tax grievance time is just around the corner. All grievances for the Town of Brookhaven must be filed between May 1st and May 17th (the third Tuesday in May).

Grievances may be filed by mail, or in person, but remember to bring an extra copy to have stamped as filed. There is no fee for filing your tax grievance complaint in the Town of Brookhaven.

This year’s equalization rate in the Town of Brookhaven is .86. To get the assessed value, the property value is divided by .86%.

Example: My house is valued at $190,000.00 and I divide that by .86% (remember to press the percent button) which turns out to be $1634.00.