Why is a mortgage contingency recommended when buying a home?

Thinking back to a time in the early-mid 2000s credit was EASY to obtain, cash was flying around  and it was common for homebuyers to skip mortgage contingencies. The crash of 2008 famously led to a flurry of lawsuits during the economic downturn, when buyers found they could no longer finance apartments they’d signed contracts to … Continued

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Examination Under Oath, property damage, insurance, damage, renters, insurance, lawyer, legal, advice, long island Ask Steven Home Foreclosure, insurance claims, coverage, long island, lawyers, property, damage, NYC,

ASK STEVEN

Q: What is Home foreclosure? A: Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on loan payments and can’t catch up. Unfortunately, this is often due to circumstances beyond a homeowner’s control. When the lender forecloses on … Continued

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leases-amendments, insurance claims, coverage, long island, lawyers, property, damage, NYC,

PLEASE JUST LET SOMEONE TAKE A PEEK!!

There were several instances recently when we got involved to represent both commercial tenants and commercial landlords who, as it turns out, prepared and/or reviewed their own leases or amendments without review by an attorney. While we always appreciate our clients and always look forward to serving them, it is difficult to think that these … Continued

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