Blogs

The COVID-19 pandemic has hit real estate hard over the last nine months, and the hospitality industry is struggling. Some New York City hotels were already struggling to make debt payments, and the worldwide epidemic was the final blow. The Tillary Hotel The owner of the Tillary Hotel in Brook...

The months of financial hardship during the global pandemic are starting to take their toll among New York City homeowners. Despite numerous federal and state moratoria on evictions and foreclosures, Real Estate Weekly reports that NYC is currently among the top cities in the nation in the number...

With the percent of positive COVID-19 cases increasing week over week, indoor dining shutting down, and Mayor Bill de Blasio indicating that a complete shutdown may be necessary after Christmas, it's hard to imagine when the city that never sleeps will return to normal. However, that in fact, is ...

Buying a home can be one of the largest purchases or investments a person makes in their lifetime. Figuring out the best loan rates, where to purchase, and hoping the sellers accept your offer can make the entire process feel stressful and open-ended. While you can't reduce all of the uncertainty...

If you're a business owner in New York, you know that real estate is very costly. Investing in a business move will present many steep costs. Additionally, the business disruption that accompanies relocations can be equally expensive. By taking action ahead of time and planning your move well, y...

When the COVID-19 pandemic began to rage across the U.S. in March of 2020, and the U.S. shut down businesses to try to slow the spread, the country took a big financial hit. People lost their jobs or faced furloughs and found themselves unable to pay their rent or mortgages. It was truly a scary ...

Amid the financial uncertainty caused by the COVID-19 pandemic, many New York tenants face the prospect of losing their homes - despite eviction moratoriums and other actions geared towards protecting NYC residents. Unfortunately, it seems that some rental housing units are at greater risk for f...

Throughout 2020, New York State has sought to protect its residents from home-related stress through the use of an extended moratorium on evictions. Originally instituted early in the year for only 90 days, the moratorium is now set to expire on January 1st of 2021. Now, Governor Cuomo is issuing...

If you're closing on a New York property, whether it's your first property or your hundredth, chances are high you haven't closed on a property during a pandemic before. COVID-19 has changed the landscape of much in the nine months that we've been living with it, and real estate is no different. ...

You may have found a New York property that looks good fundamentally and financially. But as a rough 2020 comes to a close, you wonder if now is the right time to buy. What are the up and downsides of today's New York real estate market? Up Side Some things look good to very good for the New Yo...

As COVID-19 numbers continue to rise across the nation, the United States approaches 250,000 deaths, and just beyond 11 million cases. Many states and cities are reevaluating their COVID-19 orders and how to best protect their citizens. For many months now, businesses, such as hotels and restaura...

Pandemic-related threats of eviction have affected NYC residents and renters for months, leaving many facing the prospect of losing their homes or businesses. In many cases, their New York landlords are also feeling the financial strain of COVID-19. As brick-and-mortar business has ground to a h...

The economic downturn from the coronavirus pandemic has forced many home and business owners into foreclosure. The federal government has instituted emergency mortgage relief measures, however. How can you use these regulations to avoid foreclosure during the era of COVID-19, and what lessons can...

Times are hard for many right now and COVID-19 has affected a large number of homeowners' abilities to pay their mortgages on time, increasing their risk of a possible foreclosure. If you or someone you know is unable to meet their mortgage requirements, you might be entitled to a loan modificati...

For millions of families across America, the ongoing pandemic and economic downturn have made foreclosure a very real possibility. Although many states have eviction moratoriums in effect (and the federal government has done so with FHA-insured loans), many of those provisions will run out at the...

Going through a foreclosure is stressful, embarrassing, and scary. It's understandable if you'd like to just hide somewhere until it's all over. Unfortunately, that's not something you can – or at least, that you should – do. Here are three mistakes people often make when they're facing foreclos...

Last March, Governor Cuomo declared a disaster emergency for New York State, and shortly thereafter, Zoom became America's choice platform for distance learning and remote meetings. Now, as the coronavirus continues to have us reorganizing our lives to meet new challenges, two of the biggest con...

The financial impacts of the COVID-19 pandemic have been hard on everyone, especially small business owners. In the state of New York, mandatory shutdowns of non-essential businesses went into effect in mid-March. Though phased reopening of many industries began in June, many small businesses hav...

Welcome Relief For New York Commercial Property Owners On September 21, Governor Andrew M. Cuomo announced an Executive Order extending the state's moratorium on COVID-related commercial evictions and foreclosures until October 20. Eviction Protection For New York Residential Tenants New York'...

Debt often provides the freedom to achieve specific life goals, like going to college or buying a home. But when your financial obligations seem mountainous, and you're struggling to keep up with payments, it can feel like a 1,000-pound weight bearing down on you. And that's not good for your hea...

Are you unable to pay off a large loan? You're not alone. Unfortunately, many people can't pay off loans thanks to unexpected issues like job loss, medical bills, divorce, and more. If you're late on payments, it's not too late to take action. Here's what you need to know if you're delinquent on ...

After suffering a financial hardship, you obtained a loan modification from your lender that lowered your interest rate and reduced your monthly payment amount. But now, the troubled economy has put you right back where you were before–falling behind on your loan payments and fearful of defaultin...

New York City's emergency assistance program—called the One-Shot Deal—is meant to help renters avoid eviction due to nonpayment. But with the city's current moratorium on eviction, some locals support the idea of using the program to help renters who are out of work due to the pandemic. Here's wh...

Governor Cuomo may have suspended evictions in New York, but that doesn't mean everyone can breathe a sigh of relief for now. While he originally declared a moratorium on evictions for 90 days in March—and then extended that until August 20—the NYC Housing Court recently started operating again. ...

If you're looking for a home to rent in New York City any time soon—or if you're about to renew your lease—you might be surprised by the lower prices and better incentives offered by landlords. According to real estate experts, many landlords are having trouble getting new leases signed lately du...