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New York Real Estate Lawyers Blog

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Shelter From the Storm- Ida’s Legal Issues

Several of our law firm’s clients have been adversely affected by flooding caused by Hurricane Ida.  We wish to offer our sympathy for all of those affected.  This post will address the legal issues raised from this storm event and offer potential solutions. Let’s consider the issues from a purchaser’s…

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Surplus Funds in Foreclosure Cases – How to Recover?

Prior blog posts have discussed the concept of surplus monies in foreclosure proceedings.  Surplus funds occur when a property is sold at a public foreclosure auction, and the amount bid exceeds the amount of debt owed on the property.  For example, a homeowner defaults on his mortgage, and owes $300,000.00…

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Post-Foreclosure Occupancy – A New York Story

A recent cover story in the New York Post relates the astonishing story of Guramrit Hanspal, who has lived in a house he doesn’t own for over twenty years.  However, for those attorneys experienced in the areas of foreclosure, landlord-tenant, and bankruptcy, Mr. Hanspal’s story, while certainly an outlier, is…

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Settlement of Partition Actions – Issues to Consider

Our firm handles many partition matters.  A partition action is when one co-owner of a property brings a lawsuit because he no longer wants to co-own a property.  The lawsuit usually demands that the property be sold and the proceeds be equitably divided among or between the various co-owners.  If…

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“Flesh of My Flesh, Blood of My Blood”: Legal Issues Raised by the Death of DMX

News outlets have reported the recent death of rap icon DMX, whose real name was Earl Simmons.  The New York rapper was born in Mount Vernon and raised in Yonkers, the territory served by our law firm.  Two candlelight vigils are being held for DMX in order to soothe his…

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