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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...

The Real Reason Why Landlords File for Eviction

Posted by Melvin Monachan | Jul 30, 2019 | 0 Comments

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...

Why It Matters: Rent Reform

Posted by Melvin Monachan | Jul 02, 2019 | 0 Comments

It's no secret that there's an affordable housing crisis plaguing New York City. But since Mayor Bill de Blasio took office, he's ignited a small light at the end of the tunnel. His short-term solution to this incredibly convoluted issue has been to build an unprecedented quantity of affordable a...

Why You Should Survey Your New York Property

Posted by Melvin Monachan | Jun 28, 2019 | 0 Comments

There is a lot of research that goes into buying and owning a property. Part of securing a financial investment wisely is gathering as much information as possible about your property. A necessary step of obtaining this information is conducting a property survey. The benefits of a survey are pl...

Condo Associations and Eviction

Posted by Melvin Monachan | Jun 19, 2019 | 0 Comments

A condominium is a private property within a larger building or community. Condos have recently drawn a lot of buzz in the New York market due to the fact that buyers get the best of both worlds: all the convenience of an apartment with the additional perks that come with being a property owner. ...

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