Lior Aldad, Esq.
New York Real Estate Legal Minute
Real estate legal tips from Aldad & Associates, P.C., leading and experienced New York real estate attorneys for over 25 years. The attorneys and staff at Aldad & Associates, P.C. – renowned for their expertise, integrity and commitment to excellence – represent years of successful real estate legal advisory in both commercial and residential settings. The firm was established in 1996 with the goal of offering its clients greater personal attention and cost efficiency through the expertise of our associates and senior attorneys. We place emphasis on providing the highest quality legal represen...
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Episodes
Does a Non-N.Y. State Resident Need to Pay the State Capital Gain Tax at Closing? 06.08.2023 1:32
Understanding the requirement of non-N.Y. state residents to file and pay the capital gain tax, if any, at closing.
What is a Real Estate Appraisal? 30.07.2023 1:37
Basic ways to appraise a property and the general components involved.
What is Title Insurance? 23.07.2023 1:36
The basic definition of title insurance and its relevance in New York.
What Can You do if the Condominium Board is Unresponsive? 16.07.2023 1:30
If the Condominium Board application has been submitted and the Board is refusing to respond, judicial intervention may be required.
Can the Bank Collect Additional Monthly Funds as Part of the Loan? 12.07.2023 1:20
Many times banks collect on a monthly basis more than just the principle and interest of the loan. As such, it is important to verify this ahead of time in order to properly budget the borrower's monthly payments.
The Importance of Clarifying What is Included and Excluded in a Real Estate Transaction 09.07.2023 1:23
The contract of sale in a real estate transaction should be construed in the most specific manners as to what is being included and excluded from the deal.
What is a 1031 Exchange? 05.07.2023 1:20
Basic definition of Internal Revenue Code Section 1031, whereby the capital gain tax may be deferred when exchanging investment properties.
Significant Closing Cost Difference When Buying from a Developer/Sponsor 30.06.2023 1:31
Unless negotiated otherwise, there are major differences in closing costs when buying from a Developer/Sponsor.
Rights of the Parties Upon a Breach of a Real Estate Contract 26.06.2023 1:30
Specifying the parties' legal remedies when either breaches the real estate contract of sale.
What is the Difference Between a Mortgage Pre-Qualification and Pre-Approval? 23.06.2023 1:28
Defining two terms in the mortgage industry that are very similar, but not the same.
What if Something Happens to the Property Minutes after the Closing? 19.06.2023 1:31
The obligations to the parties end after the transaction is over, unless stated otherwise in the contract.
Two Example Types of Mortgage Loans 26.03.2023 1:19
Understanding fixed and variable interest rate loans and their basic definitions.
How are the Approval Rights of Condo and Co-Op Boards Different? 19.03.2023 1:25
Listen to understand the distinct difference between the Condo and Co-Op Board approval process!
Locking the Interest Rate 12.03.2023 1:23
Listen for the importance of locking the interest rate at the time of the loan application!
How to ensure your Closing is timely? 26.02.2023 1:14
Listen to hear about the surest way to contractually protect your Closing to be timely.
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