After you close on your new home you should apply for the NYS STAR tax credit with the New York State Tax Department. To be eligible to receive this Basic STAR credit, the home must be your primary residence and the total annual income of you and your spouse combined...
Medical
Malpractice
Malpractice
Pesonal
Injury
Injury
Real
Estate
Estate
Estate /
Probate
Probate
Real Estate
Three types of New York flip taxes and how they impact buyers
Finding that right apartment, condominium or co-op unit in New York can be akin to searching for the Holy Grail. Once you find the property that meets your requirements for location, layout and price you may need a moment of silence to celebrate.Once your celebration...
Avoiding Litigation with Neighbors
While the vast majority of my Real Estate Litigation practice involves actual lawsuits, I pride myself in attempting to stave off litigation between neighbors when possible. In this regard, bringing neighbors together to inspect the premises and trying to understand...
Information on 1031 tax deferred exchanges
Internal Revenue Code Section 1031 allows owners of real estate investment property to sell their property and purchase new property with the proceeds of the sale while deferring the taxes which would ordinarily be due as a result of the capital gain realized on the...
Electronic Access Coming for New York Offering Plans
The digital revolution keeps unfolding - bringing with it remarkably easy access to information that once required time-consuming trips to libraries or courthouses.For anyone interested in the purchase or sale of New York real estate, the latest electronic tool is the...
The Emergency Homeowner’s Loan Program (EHLP)
There is a new federal program administered by the U.S. Department of Housing and Urban Development recently launched to assist homeowners unable to make their monthly mortgage payments. However, any homeowner interested in applying to this program must submit their...
Missed Mortgage Payments, Short Sales, Foreclosures and Modifications of Loans and Their Impact on Your Credit Report
The downturn of the economy has drastically affected the real estate market and the ability of homeowners to stay current with their mortgage payments. Many individuals have lost their jobs, resulting in many homeowners not being able to make their mortgage payments....
WHAT CAN GO WRONG WHEN BUYING OR SELLING REAL ESTATE?
PAFSS handles real estate litigation throughout the boroughs of New York City, Nassau and Suffolk. When the real estate bubble was heating up, sellers tried to get out of deals because they thought the property was more valuable than the price that they agreed to sell...
Do you qualify for a Short Sale?
If you bought your home several years ago when the Real Estate market was booming and financed it with a mortgage, and then possible took out a 2nd mortgage or a home equity loan, you may be one of thousands of homeowners who are "under-water". This means that the...
NYC RECORDED DOCUMENT PROGRAM CAN HELP CATCH REAL ESTATE FRAUD BEFORE IT’S TOO LATE
New York City recently launched an excellent program which allows homeowners or their designees to receive notification if a deed, mortgage, deed related document or mortgage related document is recorded against their real property without their knowledge. This...
Need Answers? Contact Us for a Free Consultation
