Real Estate

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...

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...

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...

The mortgage closing process, also known as settlement or escrow in some regions, is the final step in the home-buying journey. It occurs when a property's purchase is officially completed, ownership is transferred from the seller to the buyer and a new mortgage...

Residential leases are legally binding agreements that set the terms under which one party agrees to rent property from another. These contracts form the foundation of relationships between landlords and tenants. As such, understanding their key terms and broader...

With a residential lease, the tenant may just have to pay rent every month. In some cases, utilities are also included. But this isn’t a given, and many renters have to cover these costs themselves. With commercial leases, however, rent and utilities are just the...

Commercial leases are significantly different than residential leases. They last for longer and typically cost far more. They also include an assortment of costs and fees that people usually don't need to cover when they sign residential leases. Those renting retail...

No one wants to move into a new home and then find out their neighbors are nothing but trouble. Unless the seller has filed police reports, been engaged in litigation or gone to the homeowners’ association (HOA) regarding the troublesome neighbors, they can likely get...