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What is a New York Offering Plan?

Posted by Melvin Monachan | Feb 20, 2020 | 0 Comments

When people or entities purchase condominiums or cooperatives in New York, they usually receive a large document known as an offering plan. This document can be as long as 500 pages in some cases. That alone makes an offering plan daunting and intimidating. This offering plan, however, should not...

5 Primary Benefits of Hiring a Nassau County Real Estate Attorney for Your Transaction

Posted by Melvin Monachan | Feb 03, 2020 | 0 Comments

Buying or selling a property is an important transaction that implicates many legal issues. Nassau County real estate attorneys are familiar with New York property laws, know what types of pitfalls can arise during a real estate transaction and can take steps to protect your rights during the transaction. Here are five primary benefits of hiring a Nassau County real estate attorney for your transaction.

Can You Be Evicted from a Foreclosed Home in New York?

Posted by Melvin Monachan | Jan 23, 2020 | 0 Comments

Foreclosures are never easy, and some are conducted improperly. When that happens (or even when it doesn't), some former homeowners refuse to leave the property and want to keep fighting for their homes. That's understandable – it's their home after all – but is it legal in New York? Or can the n...

Do You Really Need a Foreclosure Attorney in New York?

Posted by Melvin Monachan | Jan 16, 2020 | 0 Comments

The foreclosure proceeding in New York may or may not have already been started, but if it hasn't, then you are well aware it is imminent. The foreclosure has likely started due to the nonpayment of the mortgage, and that means you may be experiencing financial hardship, but you may also want to ...

Where do liens on your New York property come from?

Posted by Melvin Monachan | Nov 21, 2019 | 0 Comments

A lien on your property isn't really a problem until it becomes one. You can live in your home without even knowing there is a lien. Then, one day you decide to sell your home. When a potential purchaser finds the lien, the problems materialize quickly. The creditor who obtained the lien may hav...

Before Purchasing a Condo: Review the Minutes

Posted by Melvin Monachan | Nov 14, 2019 | 0 Comments

There are thousands of condominiums and co-ops for sale in New York's real estate market today. Many thousands of people are looking to purchase, too. But did you ever think to stop and review the co-op's minutes before purchasing? You may or may not have, and even then, you may not know what to ...

Five Misconceptions about Renting Property in New York

Posted by Melvin Monachan | Nov 07, 2019 | 0 Comments

For many business owners, you think entering a real estate contract is standard business, and as such, there's not much that needs to be done but read the contract and sign on the dotted line. You got the price you wanted for rent or for the purchase, after all, and so you think that is all that ...

What happens during a holdover proceeding in New York?

Posted by Melvin Monachan | Oct 10, 2019 | 0 Comments

Holdover cases are brought in New York to evict a person for reasons other than nonpayment of rent. Holdover cases typically tend to be much more complicated than simple nonpayment evictions. If you are a tenant and an action has been taken against you, the matter should be taken seriously. Likew...

Can I Ask a Court to Stop the Sale of my New York Home?

Posted by Melvin Monachan | Oct 03, 2019 | 0 Comments

Was your home foreclosed? Did the judge sign a judgment of foreclosure and sale? If so, then your home will be sold at an auction. The plaintiff – likely the lender – will publish news of the auction in a newspaper a minimum of 30 days prior to the auction date. You may or may not receive notice ...

Most Common Real Estate Disputes

Posted by Melvin Monachan | Sep 05, 2019 | 0 Comments

If you are currently involved in the real estate world in any capacity, you understand that it doesn't take much for transactions to go awry. This is why parties in transactions will do whatever they can to ensure a dispute doesn't arise. Disputes are an inconvenience for all parties - they're co...

Do You Want to Modify Your New York Mortgage Loan?

Posted by Melvin Monachan | Aug 16, 2019 | 0 Comments

Purchasing a home can be one of the biggest purchases you make in a lifetime. For most people, they take out a mortgage loan to pay for the purchase, and then they pay back the mortgage loan according to the terms and conditions set out in the contract.  Sometimes, however, a change may be neede...

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