New York Realty Law Attorney 516-833-5135
New York Real Estate Lawyer Attorney Profile Practice Areas Contact Us
Client Testimonials
Real Estate Transactions
Real Estate and General Litigation
Estate Planning
Visit our Blog
Social Media

Blog Posts in 2007

Long Island Housing Partnership - Home Down Payment Assistance

Long Island Housing Partnership is a government program that provide $15,000 towards down payment and closing costs of a qualifying home in Nassau County, New York. There are income requirements, and ...
Continue reading "Long Island Housing Partnership - Home Down Payment Assistance" »

Bankruptcy and Foreclosure

Many people in foreclosure, who have equity in their home, attempt to negotiate with the bank for a forebearance agreement, a short sale, or a refinance with a different lender to bail them out before ...
Continue reading "Bankruptcy and Foreclosure" »

Prosecutor for a Day

I’m fast approaching my ten year anniversary of being admitted to practice in New York. This brings to mind one of my first adventures in being a lawyer at the first law firm I worked for as an ...
Continue reading "Prosecutor for a Day" »

Housing Bubble

Everyone knows that housing prices are down from the past two years. Houses on my street in Baldwin were selling for a high as $500,000 approximately two years ago. That lasted for about three months, ...
Continue reading "Housing Bubble" »

Title Insurance for Cooperatives, Eagle 9, New York

First American Title Insurance Company is offering a product called Eagle 9, which is akin to title insurance for real property. Typically, purchasers of a co-op obtain a lien search to determine ...
Continue reading "Title Insurance for Cooperatives, Eagle 9, New York" »

Seller's Closing Costs

Obviously, closing costs are a major concern of purchasers of real estate. Sellers also need to be aware of what costs they will incur upon the sale of their premises. The typical seller’s ...
Continue reading "Seller's Closing Costs" »

Landlord Tenant Law, Long Island, NY

Both tenants and landlords should be aware of the thirty day notice rule in Nassau and Suffolk Counties with respect to holdover proceedings. This is the type of proceeding that is necessary ...
Continue reading "Landlord Tenant Law, Long Island, NY" »

Lease with Option to Purchase, NY

A Lease with Option to Purchase is a Lease that contains a method for the tenant to elect to purchase the property on or before a certain time period. There are usually payments, in addition to rent, ...
Continue reading "Lease with Option to Purchase, NY" »

Power of Attorney, New York

I see many Powers of Attorney done by people without legal advice, and they are not properly signed and initialled to be valid. The most notable mistake is that a checkmark is placed next to the ...
Continue reading "Power of Attorney, New York" »

STAR Property Tax Reduction in New York

Lately, I’ve been asked a lot of questions regarding the Basic and Senior Enhanced Star Property Tax exemptions in New York State. In order to receive the exemption, you must own and reside in ...
Continue reading "STAR Property Tax Reduction in New York" »

Real Estate Broker's Agreements

There are three types of broker arrangements – seller’s agent, buyer’s agent, and dual representation. By far the most frequent situation is that the broker is acting as a selling ...
Continue reading "Real Estate Broker's Agreements" »

The Importance of Having a Will

A will allows you to decide who will get your money and property upon your death; otherwise, New York State directs which relatives will inherit under what is called “intestate ...
Continue reading "The Importance of Having a Will" »

1031 Like Kind Exchanges

This is a tax device utilized by investors who do not reside at the property, but rent it out for profit. There are many rules associated with like kind exchanges, but the basic idea behind it is that ...
Continue reading "1031 Like Kind Exchanges" »

Health Care Proxies and Living Wills in New York

In New York, the document necessary to appoint someone to make health care decisions on your behalf if you are incapacitated is a Health Care Proxy. A Living Will is a companion document that ...
Continue reading "Health Care Proxies and Living Wills in New York" »

Buyer Closing Costs

Closing costs can add up quickly at a closing, and include title insurance, attorney’s fees, bank attorney’s fees, title searches, survey costs, discount points, processing fees, mortgage ...
Continue reading "Buyer Closing Costs" »

Baldwin, New York, Money Names 25th Best Place to Live

I’ve lived in Baldwin, New York most of my life (in two different houses on the same street), so, of course, I was happy to hear about Baldwin being named the 25th best place to live for 2007 by ...
Continue reading "Baldwin, New York, Money Names 25th Best Place to Live" »


We’ve all heard the horror stories about a poor widow being unable to afford her mortgage, and the mortgage goes into foreclosure. Then, someone comes along promising to “save” her ...

Disposition of Remains, Responsibility Therefor

New York Public Health Law 4201 effective 8/2/06 sets forth the order of priority of persons who are able to dispose of the remains of a decedent. Prior to this law it was basically entrusted to the ...
Continue reading "Disposition of Remains, Responsibility Therefor" »

Buried Oil Tanks

There is a proper way to “abandon” a buried oil tank, and a seller should have a certificate from the licensed company who took care of the job. I was advised by someone at an ...
Continue reading "Buried Oil Tanks" »

Joint Ownership of Real Property in New York

Tenants in Common Real estate owned by one or more persons as tenants in common give a percentage ownership to each person, and upon that owner’s death, their percentage share goes to their ...
Continue reading "Joint Ownership of Real Property in New York" »