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New York Real Estate Lawyers Blog

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Tax Lien Foreclosures and Surplus Funds – The Supremes Rule

Several prior blog posts discussed the Supreme Court case Tyler v. Hennepin County, Minnesota, which addressed to whether the government could keep surplus funds in tax lien foreclosures.  Geraldine Tyler is a 94 year old woman living in Minnesota who owed $2,300.00 in unpaid property taxes for her condominium.  Due…

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Collect Them All: Collections and New York Estate Planning

Some of our clients have valuable personal property, such as artwork, antiques, baseball cards, figurines and the like.  They may wish to leave such collections in their Wills to a particular person.  In other cases, none of the potential survivors is interested in possessing and storing such a collection.  This…

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Mediation in New York – A New Hope?

Recently, New York Courts, especially in those in Westchester County, where our offices are located, are encouraging the use of mediation to resolve disputes which have been filed as lawsuits in the Court.  What is mediation, and how does it differ from arbitration?  Mediation is the use of an independent…

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New York Real Estate- The Tenant Becomes the Owner

We have observed that the current inventory of houses available to purchase in the area serviced by our attorneys is low.  In addition, many houses are rented.  When the tenant and landlord have a good relationship, it is not unusual for the parties to agree that the tenant will buy…

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Rental Housing and Federal Government – New Biden Administration Proposals

Recently in the news are proposals by the Biden administration regarding policies to allegedly protect rental tenants.  According to the stories, multiple federal agencies are strongly considering taking actions that are designed to strengthen tenant protections and encourage rental affordability.  Of course, experience has shown that well-intentioned government actions often…

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Surplus Funds and Tax Lien Foreclosures – The Supremes Check In

Prior blog posts have discussed the concept of surplus monies in foreclosure proceedings.  When a foreclosed property is sold at public auction, the winning bid may exceed the total amount owed to the entity foreclosing on the property.  In such a case, the excess funds are considered “surplus funds,” and…

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