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When an individual acquires real estate or property, they are expected to make monthly mortgage payments to the bank until they fully own the property. If any issues arise and the debtor fails to make payments, the creditor has the right to seek a lien on the debtor's...
You’re interested in running a business, and you’ve recently purchased some real estate. You think that the building will be perfect for your company. It will take some mild renovations, but you’re willing to invest the time and effort. Unfortunately, you’ve...
There are numerous scenarios in which a seller might list their property in as-is condition. Buyers purchasing from a lender who foreclosed on a property or an estate may notice language indicating that they agreed to purchase the property as-is. Essentially, the...
Changing the structure of your business can unlock new benefits and help you stay competitive in the ever-evolving entrepreneurial landscape. This process involves reorganizing the internal legal and financial structure of your business, to enhance its efficiency. The...
A will is an important legal document for any estate plan. The purpose of a will is to help decide how a testator’s assets are managed after they pass away. The testator can name an executor of the estate and beneficiaries in their will. Unfortunately, many people die...
Buying or selling a property can be a complicated undertaking. As a result, you can easily make a costly mistake whether you are a buyer or a seller. Nonetheless, with practical tips, you can more effectively navigate your experience. In addition to a buyer and a...
For many years, New Yorkers who are selling their homes have been required to disclose property conditions including asbestos, hazardous waste, fire and smoke damage and pest infestations. Last September, after a year of unprecedented flooding in many parts of the...
In late 2023, an antitrust ruling was handed down in a case filed against the National Association of Realtors (NAR). In the aftermath of that ruling, a settlement was recently reached that concerns much more than monetary damages alone. If a judge approves the...
If you are a homeowner facing financial difficulties and you’ve fallen behind on your mortgage payments, obtaining a mortgage loan modification can potentially serve as a viable solution to your problem. If successful, a mortgage modification effort can help you to...
Many people believe that estate planning is only necessary for the elderly or those with life-threatening illnesses. However, that's not entirely true. Young adults should consider establishing an estate plan too. It's never too early in one’s adult life to start...
