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PURCHASING A CONDOMINIUM BUYER BEWARE . . . NOT REALLY, JUST DO YOUR HOMEWORK
The real estate economy is slowly picking up encouraged by an abundance of condominium units on the market, Sellers motivated to move...
LAVENDERLAWBLOG POST: CO-OP BOARD INTERVIEW CONSIDERATIONS
I am posting the following article found in The Cooperator on line magazine. The article written by a real estate broker may give readers...
LAVENDERLAWBLOG POST: REAL ESTATE AGENT RATING SITE
I came across a real estate agent referral site called topagent guide.com located at http://www.topagentguide.com/ It is a site that...
LAVENDERLAWBLOG POST: ADMISSIONS PRIMER FOR COOP PURCHASERS
As an attorney representing purchasers of cooperative apartments, it is my job to guide clients through the process of obtaining their...
LAVENDERLAWBLOG POST: FIRST TIME HOME BUYERS TAX CREDIT APPROVED BY CONGRESS
I know it seems as if I am milking the first time home buyers tax credit (this is my third post about it). Although not a cure-all, I...
FHA 203K MORTGAGE LOANS
One of the more popular loan products out there is the FHA 203K Mortgage Loan. This loan is a combination acquisition (or refinance) and...
LAVENDERLAWBLOG POST: APPROVAL OF COOP BUILDINGS
The article linked below was emailed to me by a client of mine (Thanks Amanda). I thought it was interesting. It highlights one of the...
LAVENDERLAWBLOG POST: THE MDIA COULD DELAY YOUR CLOSING
As of July 30, 2009 certain provisions of the Mortgage Disclosure Improvement Act (“MDIA”) went into effect. Although enacted to protect...
LAVENDERLAWBLOG POST: FIRST TIME HOMEBUYER TAX CREDIT TO BE EXTENDED . . . . GETTING CLOSER!!
As you may recall, there was a movement to extend the American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to...
LAVENDERLAWBLOG POST: BAD NEWS . . . GOOD NEWS
The below article in Crain’s New York references an auction of 16 condominium units located in Greenpoint, Brooklyn at a 75% reduction...
LAVENDERLAWBLOG POST: BEWARE, DOWNPAYMENTS OF SPONSOR SOLD CONDOMINIUM UNITS ARE AT RISK
As an attorney who represents a fair number of purchasers of Sponsor sold condominium units, I have noticed a pattern that raises a red...
SOLARIA CONDO DEVELOPMENT PUTTING 54 UNITS ON THE AUCTION BLOCK … AND MORE | THE REAL DEAL | NEW YOR
Solaria condo development putting 54 units on the auction block … and more | The Real Deal | New York Real Estate News
LAVENDERLAWBLOG POST: 1031 LIKE-KIND EXCHANGES AND YOUR TAX RETURN
Pursuant to section 1031 of the Internal Revenue Code, taxpayers are able to defer the gain from the sale of investment property...
LAVENDERLAWBLOG POST: FIRST TIME HOMEBUYER TAX CREDIT TO BE EXTENDED . . . . MAYBE
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8000.00 for qualified first-time home buyers...
FINANCING YOUR PURCHASE
Unless you have the cash to buy a home, determining the amount and type of loan and who to obtain it from is one of the most important...
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