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The Do's and Dont's of Applying for a Mortgage

Posted by Melvin Monachan | May 24, 2018 | 0 Comments

Being approved for a home loan can often be the deciding factor on whether you are able to purchase a home. If you are in the market for a home, there are several actions which are critical in the mortgage application process, as well as several things which you should refrain from doing to give ...

Partition Actions Explained

Posted by Melvin Monachan | May 24, 2018 | 0 Comments

If you are a joint owner of a parcel of property in New York, you may find yourself at odds with the other owner or owners of the property. One owner may wish to live in or on the property, while other owners may wish to sell the property and split the proceeds of the sale. What does one do when ...

The Do's and Don'ts of Screening a Potential Tenant

Posted by Melvin Monachan | Apr 27, 2018 | 0 Comments

A landlord's dream is to find a tenant who will keep the rental property in good condition, pay rent on time, and not create any disturbances for other neighbors. Good renters can be hard to find, though, so it is important to conduct a thorough screening process for any potential tenant to whom ...

Status of Rent Controlled Apartments in New York

Posted by Melvin Monachan | Apr 27, 2018 | 0 Comments

Rent control is a program that places limits on the amount of rent that the owner may charge and imposes restrictions on the process of eviction. The program is only applicable to units built prior to 1947 in certain New York localities and is not to be confused with rent-stabilized apartments—a ...

An Overview of Title Insurance

Posted by Melvin Monachan | Apr 26, 2018 | 0 Comments

Oftentimes, people imagine the real estate closing process as an hour-long meeting filled with seemingly endless paperwork to be signed. The signing process is only a step in the real estate closing process. Equally as important to a real estate closing is the title examination, which is meant to...

Tenant Screening Laws in New York City Housing

Posted by Melvin Monachan | Mar 15, 2018 | 0 Comments

Roughly 35% of the U.S. population resides in rental housing while in New York this figure is approximately 24%. New York City is among the most costly cities to purchase or lease residential property with the median rent price of $1,830 for unregulated units in 2016. The city has managed laws re...

New York Property Tax Reform: The Pressure Builds

Posted by Melvin Monachan | Feb 22, 2018 | 0 Comments

In 2017, a group of homeowners, renters, landlords and organizations associated with social justice and civil rights has formed a consumer coalition: Tax Equity Now New York (TENNY). This coalition was created to address inequities in the states property tax system through a lawsuit. The group h...

Breaking a Lease in a New York City Apartment

Posted by Melvin Monachan | Feb 15, 2018 | 0 Comments

Perhaps you have a roommate that is intolerable, are ending a relationship, or have a great job offer in another town? To break a lease, first you should determine what your remaining obligation is. The best initial course of action is typically to reach out to the landlord. This should be done i...

The Real Estate Market in Brooklyn Continues to Surge

Posted by Melvin Monachan | Jan 11, 2018 | 0 Comments

As real estate markets in Manhattan and surrounding regions have been flat, the market in Brooklyn continued to rise in 2017. The borough had their third-highest pricing report ever, as the median sales price was $770,000, a 2.7% increase over last year. The appraisal firm of Miller Samuel explai...

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"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."

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