New York Real Estate Legal Minute

Definition of New York Real Property Law Section 265-A 11.02.2024 1:40 ↓

Defining and explaining the relevance of the Home Equity Theft Prevention Act.

What is a Post Closing Occupancy Agreement? 04.02.2024 1:31 ↓

Brief explanation of a Post Closing Occupancy Agreement and when such is applicable.

What Happens to Personal Belongings After the Closing? 28.01.2024 1:28 ↓

Brief explanation of transactional requirements of personal belonging responsibilities after a real estate Closing.

Definition of the New York Anti-Predatory Lending Act 21.01.2024 1:39 ↓

Defining the New York Banking Law Section 6-L (Anti-Predatory Lending Act) in detail.

Options in Lieu of Foreclosure 31.12.2023 1:34 ↓

Four basic options to pursue in lieu of foreclosures.

What is a Reverse Mortgage? 24.12.2023 1:29 ↓

Definition of a reverse mortgage.

What is a Purchase Money Mortgage? 17.12.2023 1:22 ↓

Definition of a purchase money mortgage.

The Difference Between Contract Deposit and Downpayment 10.12.2023 1:27 ↓

Specifying and defining the difference between a contract deposit and downpayment.

Definition of a Flip Tax 03.12.2023 1:31 ↓

Relevance, definition and basic overview of a flip tax.

Definition of a Deal Summary Sheet 26.11.2023 1:34 ↓

Details, relevance and definition of a deal summary sheet in a real estate transaction.

The Due Diligence Review Process 19.11.2023 1:31 ↓

Brief overview of the due diligence process and its importance in a real estate transaction.

When to Consult a Real Estate Attorney 12.11.2023 1:28 ↓

Appropriate time and use of a real estate attorney.

Methods of Payment in Real Estate Transactions 05.11.2023 1:27 ↓

Overview of the three most common methods of payment in a real estate transaction.

Main Provisions of a Real Estate Contract of Sale 29.10.2023 1:28 ↓

A brief explanation of the basic pertinent provisions needed as part of a real estate contract of sale.

The Purchaser's Contractual Right to an Inspection 22.10.2023 1:34 ↓

Understanding the Purchaser's contractual right to an inspection between the time the contract of sale was signed and the closing.

What is the Risk of Loss Provision in the Contract? 15.10.2023 1:27 ↓

Defining and understanding the risk of loss in a real estate contract of sale.

Internal Revenue Code Sections 897 and 1445 08.10.2023 1:32 ↓

Basic understanding and definition of Internal Revenue Code sections 897 and 1445.

The Obligation of the Escrowee in a Real Estate Transaction 01.10.2023 1:32 ↓

Basic definition of a real estate escrow agent (a/k/a Escrowee).

Types of Deeds in New York 24.09.2023 1:26 ↓

Overview of the types of Deeds in New York and the most popular ones.

What is CEMA? 17.09.2023 1:33 ↓

Basic definition of a Consolidation Extension Modification Agreement (a/k/a CEMA).

What if the Seller Fails to Pay the Agreed Brokerage Commission? 10.09.2023 1:31 ↓

Basic understanding of the New York State Broker's Commission Escrow Act.

Does the Building Need to be Approved When Securing a Loan? 03.09.2023 1:33 ↓

The importance of having a building being "approved" when securing a loan.

New York State Statute of Fraud 27.08.2023 1:36 ↓

Basic understanding and definition of the New York State Statute of Fraud.

What is a Certificate of Occupancy? 20.08.2023 1:30 ↓

Basic understanding and definition of a department of buildings certificate of occupancy.

What is a Mortgage Contingency Clause? 13.08.2023 1:35 ↓

Basic definition of a mortgage contingency clause in a real estate contract of sale.