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 ...
Whether you are a landlord or a tenant, it is important to know what defenses can be used when an eviction action is started due to failure to pay rent. Sometimes these actions are necessary and reasonable, but other times they are not. Here's what to know if you are a landlord in New York and in...
In New York (as elsewhere in the United States), discrimination in housing is unlawful. Federal, state, and local housing laws work to ensure housing opportunities are fair and equal. This doesn't mean just anyone can get housing, but the process and requirements must be fair and applied the same...
Pets are great and New York City is home to hundreds of them. In fact, in 2017, the Animal Care Centers of New York City released a press release that New York City pet adoption rate was the highest in the nation. The first pet of preference is a dog. But dogs can be noisy. They can bite. They p...
Facing a foreclosure is something nobody wants. You are still liable for the mortgage in the meantime. The process is long and emotionally traumatizing. To be frank, a foreclosure is also just plain embarrassing. It gets published. Anyone has access to it. Not that any of that should matter, but ...
Are you selling a home – like a condo, co-op, or townhome – and looking to purchase a new home? What happens in those instances where you sell the old home before you can move into your new home? Or what if you sell your old property and purchase a new home but need to make renovations before you...
In the last blog, buyer mistakes are identified and briefly discussed. Here, mistakes made by New York real estate sellers are laid out. It is always important to be aware of these types of mistakes so that you – hopefully – don't make them on your own. But that's also why having an experienced, ...
Both buyers and sellers often make mistake in New York when purchasing or selling real estate property. Making a mistake can be costly. You don't want to make them. In this two-part blog, we first identify mistakes buyers commonly make and then mistakes sellers often make. Read them. Learn them....
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...
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 ...
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 ...
Most businesses rent space for their operations. As such, a commercial lease is an important part of any business operation. The business environment today is dynamic yet volatile, and a lease can sometimes make the difference in profits. Making sure the lease agreement favors both the landlord a...
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...
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 ...
Did the Bank foreclose and sell your home? Many This is always the unthinkable – something we at the Law Offices of Melvin Monachan, PLLC always want to prevent. Banks often want to prevent it, too, because foreclosures usually result in selling the property for less than what's still owed on it....
Missed a mortgage payment or two? Have some kind of hardship occurring in your life? Worried about your next payment and your ability to pay it? These are all real concerns, and they are making you wonder just how long you have before the mortgage lender starts the process to foreclose on your ho...
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...
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...
We all know: attorneys cost money. For homebuyers in New York, that matters because they will already be forking out what is likely to be their biggest purchase of their lives: a home.... in New York. The extra expense of a New York real estate attorney doesn't make sense to so many homeowners. B...
Evictions are never an easy process for both parties involved. But rest assured, as a tenant, you have rights. One of those rights is the right not to be lock-out of your New York home unlawfully. So, how do you know if you have been illegally locked out and what should you do about it? Here, we...
It's true for too many of us, even though the economy is better, we still can't pay all our bills. Maybe you missed one too many mortgage payments. Maybe in fear of what will happen, you neglect your mail or inbox. You don't want to deal with it. Or, maybe you just don't have time to deal with it...
The threat of eviction is one of the most stress-inducing events to ever happen to a renter. Perhaps you've experienced it firsthand or you know someone who has. Regardless, knowing that you'll be kicked out of the place you now call within the next few days or weeks is nothing short of horrifyin...
Rent stabilization has always been a controversial topic in New York. But in the last few months, the topic has dominated state media headlines, as tenants' rights advocates celebrate new rent reforms put in by Gov. Andrew Cuomo. The tenant-friendly package of bills, known as “universal rent co...
Buying a will be one of the most important decisions of your life. Because of New York's challenging (to say the least) market, the journey to homeownership will involve putting up a large sum of money and a basic knowledge of the state's intricate law. This makes the idea of buying intimidating ...
There are a number of issues that fall under the realm of real estate disputes. They come in all shapes and sizes, broadly ranging from earnest money disputes to misrepresentation about the condition of a property. In search of resolution, many clients' instinctive reaction is to turn to the cour...
"We understand that a real estate transaction is typically one of the largest financial transactions of most peoples lives. That is why we take the time to properly guide you and keep you informed about the process every step of the way."
