Category Archives: real estate

The NYC and Long Island Real Estate Industry Needs Coronavirus Phase 2 In Order To Function! But…

real estate and coronavirus Phase Two

Long Island is going Phase 1 tomorrow, but what about New York City? In order to return to any semblance of normalcy, the real estate industry in the New York City/Long Island/Westchester region is anxiously waiting for Phase 2 of the coronavirus economy reopening to be implemented! So c’mon Phase 1 because, as the players and […]

Mortgage Loan Forbearance – ‘The Mortgage Market Improves, But the War Rages On’ – Warren Goldberg

Coronavirus finances in a vice

  The Potential Unintended Consequences of a Blanket 12-Month Moratorium (Forbearance) on Mortgage Payments, Due to Economic Hardship Caused by Coronavirus! There is no question that a great many Americans are being economically damaged, in a big way, by the government mandated shutdown of the U.S. economy due to pandemic. And yet, we can observe […]

Homeowners, Renters and Commercial Tenants Are Not Necessarily Created (Treated) Equal In The Coronavirus Crisis!

Visit and Follow us at Instagram, LinkedIn and/or Facebook For individuals with a mortgage on a house or for those who are renting their current home, some level of immediate temporary relief is being offered by the powers that be! And, the same type of relief is available to most consumers for credit card debt […]

Real Estate Considerations for Effect of COVID-19 on Purchase and Sale Agreements

In the new normal of coronavirus or COVID-19, uncertainties have suddenly arisen concerning personal conduct, personal freedom of movement and financial stability, leading to changes in the conduct and implied responsibilities of the various constituencies that are party to a real estate transaction. And while contractual customs and mechanics may vary from locale to locale, the […]

In New York Virtual Notarizations Lead To Virtual Closings in the Age of Coronavirus!

Critical Update March 24, 2020: While virtual closings including virtual notarizations are imminent in New York State, several critical issues still need to be resolved before the bottomline interests of all parties to a transaction are 100% confirmed! These issues include, but are not necessarily limited to, the following: The acceptable and timely acquiring of […]

The Coronavirus Pandemic and the Crisis in Real Estate, Guest Author

Coronavirus pandemic impact on real estate

The Potential Impact of the Coronavirus Pandemic on Landlords, Agents, Lenders, Tenants, Owners, Borrowers and Prospective Buyers in Both the Residential and Commercial Real Estate Markets is Discussed Below! Appearing in the Connecticut Law Tribune, this article written by attorney Dwight Merriam, insightfully explores potential impacts that the coronavirus pandemic will have on various individuals and […]

Closing A New York State Real Estate Transaction in the Age of Coronavirus!

Today, and rightfully so, parties to a New York real estate transaction are loath to sit in close proximity to each other regardless of the degree of social distancing being used! In certain instances they may also be unavailable for a sit-down as they are quarantining themselves voluntarily or, because they feel ill, have been […]

Why Aren’t Reverse Mortgages More Popular?

Reverse mortgages represent a way for seniors to tap the equity in their homes, typically without having mortgage payments due each month! The loan is repaid to the lender when the borrower dies, sells the property or leaves the home permanently. The bank cannot seize the home and the borrower is not giving away title […]

Mortgage Shopping: Ten Questions You May Have For Your Mortgage Loan Officer!

Money tree for borrowers

  With the 10-year treasury crossing below .75% this morning, potential homebuyers and those on the fence about refinancing may hop off, and pursue a mortgage loan! In other words, with rates at current levels are banks and other lending institutions offering borrowers the opportunity to basically ‘pick money off of the proverbial money tree’? […]

Record Low Treasury Yields: An Historic Opportunity in the Mortgage Market!

10-year treasury yield at 1.31%

With the 10-year treasury hitting an all-time record low yield today (February 25, 2020) of 1.31%, and mortgage rates at or near historic lows, does it seem to anyone else as if the banks are basically ‘giving’ their money away? For current homeowners with a mortgage already outstanding, or a property owner with far less […]