Judicial News

Real Estate Digest – June 2015

The latest issue of Real Estate Digest has arrived. Click here

UCC Name Verification

On December 17, 2014, Sub-Part 1 of UCC Section 9-503 titled, “Name of Debtor and Secured Party” was amended in order to more fully explain how the Debtor ‘s name should appear on a UCC-1 Financing Statement.  By conforming to the statute, a lender will now know that a UCC-1 Financing Statement has been properly […]

Real Estate Digest – May 2015

The latest issue of Real Estate Digest has arrived. Click here This months issue: Tight Inventory Brewing up Summer Bidding Wars So Much for Downsizing Single, Female Baby Boomers Are Confident and Buying Energy Efficiency Tops Housing Concerns First-Time Buyers Perplexed as Entry-Level Homes Dry Up Ten Metro Areas Attracting Gen Xers Multifamily Market Developers Optimistic FHA Mortgage Premiums […]

Mortgage Tax Refund

As it is the middle of tax season, it seems appropriate to mention an underutilized provision of the Tax Law that could result in a mortgage tax refund. There is a New York State income tax credit against the paid mortgage tax.  See: Tax Law, Article 22 Personal Income Tax. Properties that qualify for a […]

Increased Nassau County Recording Prices

TAKE JUDICIAL NOTICE Commencing on January 14, 2015, Nassau County will require verification of the Section, Block, and Lot on all of the following instruments: Deeds Mortgages Satisfactions Consolidations Any modification of the above instruments Nassau does not require this verification for the following: Powers of Attorney Releases of State Tax Liens Building Loan Agreements […]

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