Tag Archives: NYC real estate

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 […]

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

Today, and rightfully so, parties to a 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 exposed to […]

Hallmark Abstract Service: Title Insurance Warrior!

Hallmark Abstract Service! We are able to protect supertall buildings in a single transaction across New York State! And, we are expert in protecting single-family homebuyers, commercial property buyers and mortgage refinancers in every real estate transaction that they enter into! Hallmark Abstract Service Is Open For Business And Stands Ready To Serve The New York […]

Question: For a Commercial Landlord, What is The Coronavirus Disclosure/Action Plan Obligation?

The owners of office buildings, office parks, multifamily apartment buildings and other types of commercial property, find themselves facing decisions that they didn’t know existed two months ago! With the spread of coronavirus, in the event that a management company and/or building owner is put on notice that a tenant or visitor is exhibiting symptoms […]

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 […]

New York State Title Insurance Claims – The Most Common Are…

Whenever you buy an insurance policy you may or may not be expecting to ever have to submit a claim! If it’s health insurance you know that at some point during the year you will need to go to a doctor or specialist and will utilize whatever insurance you may have. Whether or not you will get reimbursed depends […]

Apartment Rental Agents in New York City: What Happens When a Potential Death Blow Hits?

Update September 10, 2020: A New York judge temporarily blocked a new state rule barring brokers from charging tenants. For now, tenants will once again be paying fees to brokers! The new state of the apartment rental real estate industry in New York City (as of Tuesday), reminds one of the Abbott and Costello routine ‘Who’s […]

Reference Guide to the NYS Transfer Tax and Mansion Tax Hikes…

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The chart below describes the increases in the New York State Transfer Tax and Mansion Tax, that will affect transactions of specific type and size occurring after July 1, 2019… An exception to the July 1 deadline will be those contracts ‘entered into on or before April 1, 2019, “provided that the date of execution of such contract […]

Game of Homes And New York City Affordable Housing!

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Over the summer New York City passed a law that focuses increased attention on protecting tenants in buildings that include a large percentage of rent-regulated apartments! Specifically when that building changes hands at an inflated price, suggesting that an endgame of the new buyer might be to get these tenants to move out! In New York […]

Why Engage A Bilingual Real Estate Attorney?

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On its surface hiring a bilingual attorney in any specialty of the law, let alone real estate, may seem like nothing more than a luxury and not necessarily a pressing urgency! After all real estate, like politics, is local. This means that in any given market, or even neighborhood and street within that market, the need for […]