New York law generally requires sellers to make certain disclosures about their properties before transferring ownership to other parties. Failure to make required disclosures may make sellers vulnerable to civil penalties or an order to reverse a transaction. Buyers...
Real Estate
Private nuisance laws in New York
People living in densely populated cities like those found in New York are often affected by private nuisance laws in one way or another. Courts have established that a private nuisance is defined as creating or maintaining a condition on one property that results in...
Smart tips to help you sell inherited property
If you inherited property in New York, you don't always have to maintain ownership of this building. Some people prefer to sell inherited properties and pocket any profit. With that in mind, check out these tips to help you sell an inherited home. Getting on the same...
Landlord and tenant rights regarding eviction and unlawful detainer
New York is a state that's full of amazing rental properties. With that said, the relationship between a tenant and landlord isn't always guaranteed to go well. If a tenant and landlord can't see eye-to-eye, the latter might try to evict the former. Here's more...
What are quiet titles?
Whether you're looking to buy or sell a property in New York, it's important to be aware of your legal rights and obligations. One aspect of real estate law that you may not be familiar with is the "quiet title." What it is A quiet title is a legal action that is...
Appealing a property tax assessment
Property taxes can be one of the most sizable tax burdens that a person can face in New York. Depending on the size of the building, the amount of tax can be a nasty surprise. However, property owners do have the ability to appeal the value of their property if they...
How to deal with multiple offers on the same home
Looking for a new house in New York can be as exciting as it is stressful. In a seller’s market, however, there may be multiple offers on the same house. If you’ve got your eye on a home that has a lot of competition, you should know how to give an offer that might...
Three common issues to watch out for when closing on a new home
New York remains one of the most popular places in the United States. If you can find available property in this state, it's understandable to feel excited. During the closing process, the last thing you want to deal with is bad news. To help you out, here's a closer...
The “know before you owe” rule in real estate
"Know before you owe" is a rule about mortgage disclosure that anyone buying a home in New York should be aware of. Before you finally close on the mortgage, it gives you three business days to ask whatever questions you need to and look over your closing disclosure....
Can you request a mortgage modification?
Over the years, you might have trouble paying off your mortgage in New York. If you get too far behind, the lender might threaten to foreclose on your house. Fortunately, you could avoid this situation by requesting a mortgage modification. What is a mortgage...