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Tag Archives: Home purchase

What a Revolting Development

By S. Jhoanna Robledo Published In 2004, Meggan Berley and her husband, empty-nesters in Dobbs Ferry, ditched their longtime rental  and bought a new condominium on Spencer Street in Brooklyn. Then the headaches began. On movein day, the floors weren’t finished and the kitchen cabinets had no doors. The Berleys lived amid construction for weeks. Then  Full Article…

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The Downside for Condos in a Downturn

By TERI KARUSH ROGERS DURING the recent boom, buyers who coveted condos for their sex appeal  could also make the case that condos were a smarter choice than co-ops. In theory, you didn’t have to prostrate yourself, financially and otherwise, before a board for approval, and you could sell or rent pretty much to whomever you  Full Article…

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Realty Law Digest–New York Law Journal

Realty Law Digest Scott E. Mollen New York Law Journal | March 16, 2011 Co-Ops — Sellers Rented Apartment Before Board Approved the Pending Sale of Their Co-Op and Board Rejected the Sale — Sellers Sued — Individual Board Members Had No Personal Liability— NYS Human Rights Law — Federal Fair Housing Act— Breach of Fiduciary Duty —  Full Article…

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When Purchasing a Newly Constructed Condominium Unit, Let the Buyer Beware

By Jeffrey R. Metz and Adam Leitman Bailey The real estate crisis has hit home for thousands of buyers of newly constructed properties.1 Negligently built homes with serious construction problems have forced homeowners to look for a real estate superhero to come to the rescue. Many builders have simply run out of money and hide  Full Article…

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Enforcing the Contract – Obtaining Down Payment on Specific Performance

By Adam Leitman Bailey and John M. Desiderio At the pinnacle of real estate law, the real estate closing may be the most basic and common real estate experience, but the familiarity ends once a provision of the contract of sale has been breached. Inspired by the number of telephone calls, e-mails, and general correspondence  Full Article…

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