Many attorneys who represent buyers will attempt to further mitigate their clients’ risks by modifying the standard contingency language to state the buyer may cancel the contract and receive a refund of their deposit if the lender refuses to fund the loan for any reason. This is an inequitable outcome for a seller.
Read MoreThe New York Property Condition Disclosure Statement (PCDS) is a document that sellers of residential real estate in New York State are required to complete and provide to potential buyers. Here's a summary of its key aspects:
Read MoreNew York's Real Property Actions and Proceedings Law (RPAPL) § 841 provides a statutory mechanism for addressing nuisances that affect real property. This legal provision serves as an important tool for property owners and communities to combat conditions that substantially interfere with the use and enjoyment of property.
Read MoreA common question that arises when owners have disputes with the board of directors or property manager is whether they can withhold paying monthly common charges.
Read MoreWhen buying property, a common question is whether a new survey is needed. In this article, we’ll discuss the pros and cons of ordering a new survey.
Read MoreWhen owners are in the market to sell their homes, they invest a lot of time and energy in what it takes to reach an accepted offer. So after the contract is signed? What is it that a seller has to do next?
Read MoreCan home buyers hold home inspectors liable for failing to identify defects?
Read MoreEncroachments in New York real estate transactions refer to situations where a structure or part of a structure extends beyond the property line of its owner onto neighboring property without the neighbor's permission.
Read MoreClosing costs in New York real estate transactions can vary significantly based on factors such as property value, location, financing type, and specific terms of the sale. Here are some common costs that buyers and sellers typically incur.
Read MoreA partition action is a legal proceeding in New York State designed to divide or partition property that is owned jointly or in common. This typically occurs when co-owners cannot agree on how to use or dispose of the property.
Read MoreNew York recently introduced a new estate planning tool: the Transfer on Death (TOD) deed. This legal instrument allows property owners to designate beneficiaries who will automatically inherit their real estate upon their death, bypassing the often complex and time-consuming probate process.
Read MoreIf you’re trying to figure out if adult guardianship is the proper solution for a family member or friend, there are a few basic facts that can help point you in the right direction.
Read MoreAs a seller provides a buyer with a signed and dated Property Condition Disclosure Statement and a buyer did not waive their rights per the Property Condition Disclosure Act within the contract of sale, buyers can hold sellers liable after closing if they discover defects which they can prove the seller knew of but failed to disclose
Read MoreMy cases and files keep me up at night. I’m sure a lot of readers may not believe me when I say that. It’s understandable. In this day and age, no one ever seems to want to accept accountability for those matters over which they have authority.
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