Building a lucrative commercial real estate (CRE) portfolio in New York is possible once you understand the facets involved. Unlike residential properties, CRE gets used by a vast number of industries and professions. Finding such property where there is a demand is...
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New York Law Blog
What are the most common commercial real estate issues?
If you plan to buy commercial real estate in New York, it’s important to make sure you stay up on state and local laws. Unfortunately, it’s easy to make mistakes. These are the most common issues that can occur. Not having accurate valuation One of the biggest...
Mortgage modifications lawsuits
Banks have a lot of power when it comes to managing mortgages, and consumers can often feel that they are at the mercy of the bank when it comes to setting the rules and the features of the mortgage. However, a recent lawsuit altered this arrangement by allowing some...
Knowing the impact of selling a home early is important
Knowing the nuances related to buying or selling a residential property in New York can help ensure that you pay as little in taxes as possible. One example of these consequences can be seen by examining a transaction involving a house that's been owned for less than...
Getting familiar with a real estate contract is essential
Purchasing or selling a home in New York requires you to scrutinize the contract to help ensure you're making the correct decision when entering this type of transaction. Whether you're in this position as a seller or purchaser of real estate, it's essential to...
Why invest in commercial real estate?
Commercial real estate in New York gives you the chance to diversify your portfolio's assets. Real estate is an asset that your estate can organize for-profit now and then give as an inheritance later on. As for types of real estate, residential properties deal with...
Main types of mortgage rates to choose from
The mortgage is often the highest payment that homeowners in New York make every month. The types of mortgage rates ensure that borrowers find a payment plan that works for their monthly budget. The following are the main types of rates they have to choose from....
What is a quiet title action and how does it work in real estate?
If you want to buy or sell property in New York, you may want to file a quiet title action depending on the situation with the property’s title. It’s important to know what a quiet title action is and how it works. You’ll also want to know when it’s commonly used in...
What are the pros and cons of a triple net lease?
New York is a state with some of the most in-demand properties in the country. Considering that, it's understandable to get excited after finding an available property for lease in this state. One way that building owners lend out their properties is by utilizing...
How do you know when to lock in a mortgage rate?
A mortgage is usually the largest expense in someone's personal budget. Fortunately, there are ways to keep your mortgage rate low, and locking in a good rate is one such example. It's a tough decision about when to lock in such a rate in New York. Fortunately, some...
