Blog Posts in July, 2007
Posted on Jul 31, 2007 By Cynthia Burke
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" »
Posted on Jul 30, 2007 By Cynthia Burke
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" »
Posted on Jul 28, 2007 By Cynthia Burke
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" »
Posted on Jul 27, 2007 By Cynthia Burke
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" »
Posted on Jul 26, 2007 By Cynthia Burke
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" »
Posted on Jul 23, 2007 By Cynthia Burke
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" »
Posted on Jul 7, 2007 By Cynthia Burke
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 ...
Continue reading "HOME EQUITY THEFT PROTECTION ACT (HETPA)" »
Posted on Jul 6, 2007 By Cynthia Burke
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" »