It’s not a rumor and you may have already heard, but as we start 2024, we are very excited to officially let you know that Home Abstract Corp. is now offering comprehensive title services in the State of New Jersey!
It’s not a rumor and you may have already heard, but as we start 2024, we are very excited to officially let you know that Home Abstract Corp. is now offering comprehensive title services in the State of New Jersey!
This week we wanted to bring to your attention an interesting case out of the 2nd Department which addressed the question whether an Estate could maintain an action against the decedent’s partners and a Notary Public who executed an obviously fraudulent deed on theories of liability including fraudulent concealment and unjust enrichment. The relevant facts of, as well as a link to, the case are set forth below.
This week we wanted to take this opportunity to remind you that the NYC Department of Housing Preservation Development (HPD) has recently increased certain Civil penalties for various Violations.
This week we wanted to take the opportunity to remind you that the Corporate Transparency Act (“CTA”) will go into effect on January 1, 2024. The CTA requires both new and existing companies covered by the law to report “beneficial ownership” as described herein. The CTA’s new reporting requirement for beneficial ownership information (BOI) refers to identifying information about certain individuals directly or indirectly owning or controlling a corporate entity.
This week we wanted to take a minute to remind you that there has been a notable surge in fraudulent land sales attempts nationwide, encompassing various types of properties. Predominantly, these schemes target the sale of unencumbered vacant land. Perpetrators typically conduct extensive online research, demonstrating a comprehensive understanding not only of the specific property but also of real estate transactions in general. Consequently, we are noticing that the fraudulent seller can engage in transaction discussions with a high level of precision.
As we approach the end of the year, we wanted to take this opportunity to remind you that Local Law 69 of 2017 requires Owners of Multiple Dwelling Residential Properties to file a Bedbug Report (“the Report”) detailing bedbug infestations and treatments in residential apartment buildings. The Report must be filed each year between December 1 and December 31, reporting on data for the previous year from November 1 through October 31.
This week we wanted to update you about a recent NYC Department of Buildings (DOB) decision to issue new boiler violations for owner’s failure to correct alleged defects that were disclosed in annual inspections for the years 2018, 2019, 2020, 2021 and/or 2022.
Here at Home, we are always looking for ways to provide better service to our trusted clients. In keeping with that goal, we are very excited to let you know that our new Website is now up and running. In designing this site, we made every effort to provide you with a series of valuable online tools to better enhance your practice while also simplifying access to your individual Title orders. Some of the major features of the new Website are as follows:
Today we wanted to bring your attention to a Second Department decision wherein the Court affirmed a lower Court’s decision to dismiss a Plaintiff motion for an Injunction seeking to enforce a Restrictive Declaration recorded solely against a neighbor’s property. The decision, in part, turned on the fact that the Plaintiff’s property was not adversely affected by the violation of the Restrictive Declaration and not whether the Defendant actually violated the recorded Restrictive Declaration.
The relevant facts of, as well as a link to, the case are set forth below.
This week we wanted to direct your attention to an interesting case and decision out of the Second Department which reinforced the importance of properly documenting compliance with the notice requirements set forth under RPAPL Section 1304 when commencing a foreclosure action. In denying a Plaintiff’s/Mortgagee’s motion for Summary judgment, the Court identified specific failures in the Plaintiff’s evidentiary submissions which derailed its efforts to foreclose on the mortgage notwithstanding the fact that Plaintiff might actually have followed its standard office mailing procedures.
This week we wanted to direct your attention to an interesting case and decision out of the Second Department which reinforced the importance of properly documenting compliance with the notice requirements set forth under RPAPL Section 1304 when commencing a foreclosure action. In denying a Plaintiff’s/Mortgagee’s motion for Summary judgment, the Court identified specific failures in the Plaintiff’s evidentiary submissions which derailed its efforts to foreclose on the mortgage notwithstanding the fact that Plaintiff might actually have followed its standard office mailing procedures.
This week we wanted to bring your attention to a recent Appellate Court decision out of the 2nd Department that analyzed whether a landowner/Plaintiff, whose land was taken by the State of New York by way of a condemnation proceeding, had an “absolute” right of access for the purposes of ingress and egress over and through the condemned parcel. Based the specific facts of the case and the Order on appeal, the Court reasoned that the while the landowner/Plaintiff was entitled to a right of access to a public roadway, such right was not “absolute” and could be restricted in accordance with all codified laws.
Here at Home, we continue to do our best to keep you apprised of meaningful legislation and deadlines that may affect you and your clients in the real estate industry. This week we wanted to remind you about the upcoming deadline under NYC Local Law 31 of 2020 (“LL 31”) which went into effect on August 9, 2020 (the “Effective Date”), and requires certain property owners to complete at least one (1) investigation for the presence of lead-based paint utilizing an X-Ray Fluorescence (XRF) analyzer by no later thanAugust 9, 2025(unless required earlier as discussed below).
We wanted to take this time to again remind you of the upcoming deadline for certain property owners to complete and file their gas piping inspections in accordance with NYC Local Law 152 of 2016 (“LL 152”).
This week we wanted to draw your attention to a recent First Department decision that analyzed, in part, whether a contractor was entitled to file a Mechanic’s Lien in conjunction with its efforts to recover unpaid monies due and owing for the installation of scaffolding and a sidewalk shed on a construction project.
This week we wanted to bring your attention to an interesting decision out of the 2nd Department which addressed the issue as to whether the Estate of a Mortgagor was a “necessary party” defendant in a mortgage foreclosure action notwithstanding that the Complaint named the deceased Mortgagor’s sole heirs at law. The Supreme Court’s Order, in part, denied the Defendant’s motion for Summary Judgement to dismiss the Complaint for failure to name a necessary party.
This week we wanted to bring your attention to an Appellate Court decision out of the 2nd Department which reversed a lower Court’s Order and ultimately denied Defendant-Seller’s claim for Summary Judgment to terminate a Contract and retain the Plaintiff-Purchaser’s Downpayment for failure to close title under the terms of a Time Being of the Essence (“TOE”) Letter.
This week we wanted to update you on new legislation that was signed into law last week by Governor Hochul which will significantly impact how Sellers can comply with the requirements of RPP Article 14 (Property Condition Disclosure in the Sale of Residential Real Property (“RPDA”).
As part of our ongoing effort to keep you informed on new legislation that could have an impact on your clients, this week we bring your attention to §§ 103-15 (Periodic observation of building parapets) of Local Law 126 of 2021 which requires annual inspections of all parapets by “a person competent to inspect parapets”.
This week we wanted to bring your attention to an interesting decision out of the First Department that interpreted RPAPL Section 2001 (“Actions to enforce certain covenants restricting use of land…”) in the context of an action commenced by a Condominium Board to require a Unit Owner to remove a structure that was constructed in a rear yard of the complex.