The five East End towns of the Peconic Bay Region in Suffolk County, New York are East Hampton, Shelter Island, Southampton, Riverhead, and Southold. When purchasing a home in this region, a purchaser will pay a one-time transfer tax called the Peconic Bay Region Community Preservation Fund (or CPF), (“Peconic Bay Tax”). Up until recently, the Full Article…
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Adam Leitman Bailey, P.C. Swiftly Overcomes Obstacles to Property Sale Posed by Architectural Designer
Adam Leitman Bailey, P.C. successfully represented an owner of vacant property in Sag Harbor in persuading the client’s former architectural designer to cease making meritless objections to the client’s efforts to sell the property. The client had previously retained the designer to design plans for construction of a single-family house on the property. However, the Full Article…
Miracle Lawyering, Strategizing And A Bit Of Luck Allows Client To Buy Dream Home After It Being In Probate And No Contract Signed While Being Sued By Purchaser of Existing Home For Damages, Breach of contract And Failing To Close
The client came to Adam Leitman Bailey, P.C. in an impossible situation. The client’s wife was 7th months pregnant during the height of COVID. She was not moving and the client’s dream home was not only not for sale but in probate without any indication as to who had the authority to sell. To make Full Article…
Adam Leitman Bailey, P.C. Successfully Navigates HUD Approval Process In Achieving Interest Rate Reduction Of A Senior Citizen Not-for-profit Housing Corporation’s Underlying Commercial Mortgage
Adam Leitman Bailey, P.C. acts as general counsel to a not-for-profit housing company for senior citizens located in Brooklyn. The building in question was in dire need of various capital improvements and repairs, but with limited cash on hand to do so. The housing company sought to take advantage of pandemic-level interest rates to reduce Full Article…
Adam Leitman Bailey, P.C. Successfully Navigates HUD Approval Process In Achieving Interest Rate Reduction Of A Senior Citizen Not-for-profit Housing Corporation’s Underlying Commercial Mortgage
Adam Leitman Bailey, P.C. acts as general counsel to a not-for-profit housing company for senior citizens located in Brooklyn. The building in question was in dire need of various capital improvements and repairs, but with limited cash on hand to do so. The housing company sought to take advantage of pandemic-level interest rates to reduce Full Article…
Adam Leitman Bailey, P.C. Successfully Navigates HUD Approval Process In Achieving Interest Rate Reduction Of A Senior Citizen Not-for-profit Housing Corporation’s Underlying Commercial Mortgage.
Adam Leitman Bailey, P.C. acts as general counsel to a not-for-profit housing company for senior citizens located in Brooklyn. The building in question was in dire need of various capital improvements and repairs, but with limited cash on hand to do so. The housing company sought to take advantage of pandemic-level interest rates to reduce Full Article…
The Upstate Vs. The Downstate Closing
Along with the pandemic came a dramatic increase in the purchases and sales of upstate New York properties. Our banking department rapidly began to receive upstate closing files and quickly began to learn the defining differences between upstate and downstate (NYC and surrounding counties) real estate closings. Let’s explore some of these differences. Downstate closings Full Article…
Adam Leitman Bailey, P.C. Hired to Litigate in Sale of Property Conflict and Resolves Dispute Against Neighbor Without Litigation and Much Higher Sales Price
Two siblings hired Adam Leitman Bailey, P.C. for a contract negotiation regarding the sale of their inherited apartment. After successfully and strategically maneuvering the clients through a series of intricate hurdles, the attorneys at Adam Leitman Bailey, P.C. reached a settlement with the client’s adversary at a much higher price than they had been previously Full Article…
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