Real Estate Transactions

Most underlying co-op mortgages have shorter terms than residential mortgages, with balloon payments typically due at the end. The shareholders of large co-ops often decide to refinance their mortgages as their current mortgage nears its end. Refinancing a large co-op...

New York is one of the most popular destinations in the world. People travel from countries all across the globe to go there for leisure or for business. You may live in another country, but you could find yourself in a situation where you want to own property in New...

A 1031 exchange is a way for investors in real estate to trade properties so they can defer the capital gains tax on the property. There are some very specific requirements for doing this so you must ensure that you’re handling the situation properly if you’re going...

You need to check for several title issues before purchasing real estate. One of those is easements. An easement is a legal tool that gives one person the right to travel over another person’s property for access. People often put these agreements in place informally,...

Real estate transactions are very complex. They involve complicated financial instruments and two or more people with differing priorities. All sorts of issues can arise that derail the transaction even after the seller accepts an offer from a potential buyer. If you...

You’re planning a move to an area of New York, but you’re not quite familiar with the location. You’ve spotted a house and it seems right for you and your family. It’s sizable, modern and clean. It’s all very well having a nice house, but you really need to make sure...

Whether you recently listed your home for sale or have made bids on properties in the hope of buying a new house, having an accepted offer often means that the process is nearly complete. Unfortunately, sometimes things come up between when the seller accepts an offer...

Buying a home can be an exciting prospect. However, it can also come with plenty of stress, too. This can be particularly true in competitive markets. The good news is, though, that by knowing what red flags to look out for, you can help prevent yourself from running...

When someone is buying a piece of real estate, whether it is a commercial property or residential property, they will usually make an offer that has some contingencies. These contingencies mean that they have to be met or the buyer is allowed to withdraw their offer...

Selling real estate can be a complex and stressful process. Sellers need to make repairs, prepare to stage their home to make it look inviting and create a list of defects so that they can disclose everything to the buyers. If you fail to tell the truth, you could...