Viewing 9 to 16 of 48 items
Archive | Purchase & Sale of Homes RSS feed for this section

Adverse Possession Changes Make Results Less Certain, New York Law Journal

By Adam Leitman Bailey and John Desiderio February 11th, 2009 On July 8, 2008, Governor Paterson signed into law S.7915-C, which amended New York’s adverse possession law, and two centuries of New York adverse possession doctrine came to an end. The new law is intended to prevent an absentee landowner from losing title to his  Full Article…

0

Use Get-Tough Lease Clauses to Discourage Chronic Late Rent Payments

By: Adam Leitman Bailey August 1st, 2005 It’s exasperating when a tenant repeatedly violates the lease by failing to pay its rent on time but then cures—that is, fixes—each violation by paying the late rent before it becomes a lease default. The worst thing is that you can’t break the cycle: You waste time and  Full Article…

0

Adam Leitman Bailey, P.C. Achieves Winning Settlement On Behalf Of Coop Sellers In Landmark Housing Discrimination Case

In a case of first impression, Adam Leitman Bailey, P.C. successfully represented the sellers of a cooperative apartment in a housing discrimination suit against their former Coop arising from the Coop’s failure to consent to a proposed sale of the apartment to elderly purchasers.  When the Coop failed to approve the sale, despite the purchasers’  Full Article…

0

Adam Leitman Bailey, P.C. Prevails as Second Circuit Upholds Title of Developer That Acquired Property Sold in H.U.D. Auction

Second Circuit Affirms Ruling Where Foreclosure Is Limited  to Bidders to Governmental Entities, Local housing fund development corporations (HFDCs) and Lien holders.   The U.S Court of Appeals for the Second Circuit upheld the right of a municipal/private development partnership to acquire a low-income apartment complex from the U.S. Department of Housing and Urban Development  Full Article…

0

Reducing Refinancing Expenses

By LISA PREVOST New York homeowners looking to refinance an existing mortgage don’t have to pay the state’s mortgage recording tax all over again. Yet they may end up doing so if their lenders don’t cooperate. The state charges a recording tax on new mortgage debt. The rate varies by county, with the minimum being  Full Article…

0