The clients – an elderly mother and her middle-aged son – came to Adam Leitman Bailey, P.C. in a very precarious and complicated situation. They were in the midst of a contentious family dispute related to the decade-long ownership of the clients’ property in Brooklyn. The clients, who are the mother and half-brother of the Full Article…
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Adam Leitman Bailey, P.C. Revives Judgment Resulting in Clients Recovering Over $2.5 Million from Former Friend
In a friendship gone bad, Adam Leitman Bailey, P.C. was retained by clients (“Plaintiffs”) who had a Judgment of Foreclosure and Sale (“JFS”) that was over five years old. The Plaintiffs were not traditional lenders but rather were assigned the JFS and the underlying loan when their former friend (“Defendant”) requested a gigantic favor from Full Article…
FHA Loans
Multiple clients have recently inquired about FHA Loans. FHA loans are mortgages insured by the Federal Housing Administration of our government, and may be used to finance a primary residence. Homebuyers, especially first time, may explore this type of mortgage when they do not qualify for a conventional mortgage. FHA loans can be helpful in Full Article…
Adam Leitman Bailey, P.C. Successfully guides Mitchell-Lama Co-Op in Holding Its Annual Shareholders Meeting While Navigating Several Challenges Posed by Covid and Recent Amendments to New York City’s Private Housing Finance Law
Adam Leitman Bailey, P.C. is general counsel to several City and State Mitchell-Lama co-ops in the New York City area. When one client asked for assistance in holding its annual meeting, Adam Leitman Bailey, P.C. stepped in. Due to the pandemic, the co-op’s timeline for holding its annual meeting and election of directors was thrown Full Article…
Adam Leitman Bailey, P.C. Massively Reduces Alteration Fee Penalties Totaling Over 1 Million Dollars for Central Park West Apartments
Adam Leitman Bailey, P.C.’s client, a co-op owner of two adjoining luxury apartments facing Central Park West, undertook a major renovation nearly four years ago, and is only now being completed. The alteration rules of this co-op are very stringent, and in particular the Alteration Agreement imposed very stiff fines for late completion. Furthermore, the longer the completion delay, the faster pace Full Article…
Adam Leitman Bailey, P.C. Affirms an Unusual Ruling Issued by The Supreme Court
In a matter where taking too aggressive a position can backfire, Adam Leitman Bailey, P.C. obtained an affirmance before the Appellate Division of an order of the trial court, which stayed the prosecution of a plenary action a landlord brought against its tenant, pending the resolution of the holdover proceeding the landlord had previously commenced. Full Article…
Adam Leitman Bailey, P.C. Wins Judgment of Possession and Writ of Assistance in Post-Foreclosure Supreme Court Ejectment Action
Adam Leitman Bailey, P.C. won an order and writ of assistance in the Queens County Supreme Court, directing the Sheriff to eject the home occupants after foreclosure, and to put our client into immediate and exclusive possession of the property. Representing the buyer of the private Queens home after the foreclosure sale, Adam Leitman Bailey, Full Article…
Adam Leitman Bailey, P.C. Successfully Establishes that Plaintiff Lacked Standing in A Prior Foreclosure Action in Order to Defeat Defendant’s Motion to Dismiss for Statute of Limitations in a Pending Foreclosure Action
In a highly contested foreclosure action, Adam Leitman Bailey, P.C. was retained to step in as counsel for the new purchaser of the note and mortgage being foreclosed. The record owner Defendant moved to dismiss the action arguing that the loan was time barred by the six-year statute of limitations due to a prior action Full Article…
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