Articles Posted in Real Estate Law

There are 3 basic options for estate planning. Two require the assistance of an attorney. One only requires a checkbook and a pen Prepare a Last Will and Testament and leave your property outright to your heirs in a will. Prepare an Irrevocable Trust: your funds go into the Trust and are distributed over time…

Under the New York Property Condition Disclosure Act (PCDA) (N.Y. Real Prop. Law § 460-467), a seller of real property must disclose any hidden defects relating to that property to the buyer. Failure to inform the buyer about such latent material defects could result in unlimited post-closing liability upon the seller, even if the seller…

New York State Attorney General Eric Schneiderman and the Consumer Financial Protection Bureau filed a federal lawsuit in Manhattan against New Jersey based RD Legal Funding Company. The company allegedly defrauded 9/11 first responders suffering from cancer and other Ground Zero-related illnesses out of millions of dollars by luring them into costly advances on compensation…

Many real estate owners are confronting the worst housing market in decades. Foreclosures and loan defaults are at an all-time high and refinancing is difficult even for creditworthy homeowners. As a result, bankruptcy has become the favorable choice for many property owners facing foreclosure. Here are some of the ways bankruptcy can help: The filing…