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Eliminating Broker Fees in New York?

Posted by Melvin Monachan | Apr 09, 2020 | 0 Comments

In early February 2020, New York regulators announced they were eliminating rental brokerage fees, drawing both applause from tenant advocates and condemnation from the real estate industry. The ruling stops the practice of renters paying broker fees, which in places like New York City, can be up...

Landlord Accused of Discrimination by HUD

Posted by Melvin Monachan | Mar 30, 2020 | 0 Comments

A Oneida landlord has been accused of discriminating against a tenant with mental disabilities by the Department of Housing and Urban Development (HUD). As we have previously written about, it is illegal for landlords to discriminate against tenants based on a variety of protected classes of peop...

New York Zombie Homes—A Result of Foreclosures

Posted by Melvin Monachan | Mar 26, 2020 | 0 Comments

When the last economic recession hit the United States back in 2009, the impact was felt hard in the state of New York. As a result of thousands of people falling behind on their mortgage payments, foreclosures spiked, creating “zombie houses.” Homeowners who couldn't afford their mortgages also ...

How Coronavirus Is Affecting Construction in NYC

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

The coronavirus outbreak has had an impact on many industries in the US, and the construction field is no exception. Heavily populated areas like New York City have been hit especially hard, as they're now facing major delays and rapidly increasing costs any time they're relying on China for manu...

Thinking About Becoming a Landlord in New York?

Posted by Melvin Monachan | Mar 19, 2020 | 0 Comments

If you are thinking about renting out that apartment you have outgrown here in New York, there are several important considerations you should mull over before deciding to take the plunge. Being a landlord is not for the faint of heart. Being a Landlord is a 24/7 Job Being a landlord doesn't me...

Eviction Cases Plummeted in New York After New Laws

Posted by Melvin Monachan | Mar 05, 2020 | 0 Comments

The Housing Stability and Tenant Protection Act of 2019, which was signed into law in New York in June 2019, has led to the number of eviction cases filed by landlords to plummet. The new laws were designed to limit legal rent increases for rent-regulated apartments. Eviction cases involving non...

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 ...

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