February 1, 2017 – Elimination of IDA Exemption for the Additional Mortgage Tax Update
February 1, 2017, Governor Cuomo signed a bill (A374 / S979) that changed the expiration date of a portion of the Industrial Development Agency (IDA) […]
Bulletins
December 16, 2016 – Nassau County Tax Map Verification Letter Fee Increase
December 16, 2016 The Nassau County Legislature has approved an increase the tax map verification letter charge. The Legislature voted to raise real estate fees […]
December 7, 2016 – Suffolk County New Mortgage Verification Fee
December 7, 2016 Please be advised that Local Law 26-2016 is expected to be amended which will create a new Real Property Tax Service Agency […]
The NYC Amnesty Program – September 12, 2016
As the City of New York attempts to collect more of the $1.5 billion it is owed in unpaid ECB fines, an amnesty program started […]
What is Title Insurance?
What is Title Insurance? Your real estate purchase may be one of the largest investments that you will ever make. Title insurance makes sure […]
New York City Register UCC Filings
New York City Register UCC Filings Effective August 1st, 2016, the New York City filing fee for the filing of UCC’s with the New […]
FinCEN Geographic Targeting Order
FinCEN Geographic Targeting Order The United States Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”), In yet another endeavor to detect real estate money […]
New Assessment Escrow Mandate in Nassau
Attention: Commercial Property Owners and their Attorneys The following article appeared in Today’s Newsday by Robert Brodsky Commercial properties must pay into an […]
Changes to Star Program for New Homeowners
This year’s budget agreement between Gov. Andrew Cuomo and state lawmakers include a change to the STAR program for certain new homeowners. The change will […]
Effective February 16, 2016 New FIRPTA Withholding Provisions
On December 18, 2015, the Protecting Americans from Tax Hikes Act of 2015 (“PATH”), was signed into law. PATH includes modifications to the Foreign Investment […]