Judicial News

Take Judicial Notice: Amendment to NYS Property Disclosure Law to take effect in March of 2024

RE: Amendment to NYS Property Disclosure Law to take effect in March of 2024 On September 22, 2023 Governor Hochul signed legislation amending the Property Condition Disclosure Act. The new legislation will take effect on March 20, 2024. The amendment repeals the ability of a Seller of residential property to provide a $500.00 credit to […]

Take Judicial Notice: City of Mount Vernon Transfer Tax Change – Update

RE: City of Mount Vernon Transfer Tax Change – Update This memorandum is an update to a previous notice which advised of changes made to the City of Mt. Vernon’s Transfer Tax rate. The changes were due to take effect on January 1, 2024, increasing the Real Property Transfer Tax from 1% to 1.5% and […]

Take Judicial Notice: City of Mount Vernon Transfer Tax Change

RE: City of Mount Vernon Transfer Tax Change Please be advised, effective January 1, 2024 that the City of Mt. Vernon has increased their Transfer Tax rate from 1% to 1.5% and has lowered their exemption level from $100,000 to $50,000. All deeds dated January 1, 2024 or later will be subject to the increased […]

Take Judicial Notice: loanDepot Cybersecurity Incident

RE: loanDepot Cybersecurity Incident We have been made aware of a Cyber Incident involving loanDepot, Inc. Information regarding the scope, impact, and resolution has been limited, but loanDepot has indicated that updates will be posted to https://loandepot.cyberincidentupdate.com/. For transactions involving the payoff of a loan where LoanDepot is the payee, servicer, or lender: If the […]

Take Judicial Notice: Property Condition Disclosure Statement

RE: Property Condition Disclosure Statement On September 22, 2023 Governor Hochul signed legislation amending the Property Condition Disclosure Act. The amendment repeals the ability of a Seller of residential property to provide a $500.00 credit to a Purchaser in lieu of completing the Property Condition Disclosure Statement (“PCDS”) AND further amends the PCDS to include […]

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