Judicial News

Take Judicial Notice: Gross Up – New York State Transfer Tax

New York State Tax Law Section 1404(a) has been amended effective as of July 1, 2021. This amendment applies to transactions dated on or after July 1, 2021 with the exception of conveyances made pursuant to binding written contracts entered into on or before April 1, 2021, provided that the date of execution of such contract […]

Take Judicial Notice: Fraudulent Mortgage Payoff Letters

Over the past year, as a result of the pandemic, Title Closings have seen significant changes to the closing process which have presented challenges to the real estate industry as a whole. One major challenge that we have been experiencing of late is an increase in the circulation of fraudulent mortgage payoff letters. Fraudsters have […]

Take Judicial Notice: New Paltz Transfer Tax

Please be advised effective immediately the Town of New Paltz has imposed a 1.5% transfer tax on all conveyances of real property within the Town of New Paltz or Village of New Paltz occurring on or after February 1, 2021.  This tax will not apply to transfers which have a binding written contract executed prior […]

Coops, Condos, and COVID-19

For condos, coops and homeowner’s associations, the novel coronavirus has presented a myriad of legal issues.  There is now an opportunity to develop a blueprint should a similar crisis occur in the future.  It is now more important than ever for practitioners to set forth for their clients plans for the future.  The link below […]

Liquidation of OneTitle National Guarantee Company Inc.

Liquidation of OneTitle National Guarantee Company Inc. By order filed on October 6, 2020, the Supreme Court of the State of New York has granted a motion placing OneTitle National Guarantee into liquidation. The order names Linda Lacewell, Superintendent of The Department of Financial Services (DFS) and her successors in office as liquidator. Pursuant to […]

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