Judicial News
Take Judicial Notice: New Property Condition Disclosure Statement
RE: New Property Condition Disclosure Statement Effective March 20, 2024, the amended New York Real Property Law Chapter 50, Article 14 (the “Property Condition Disclosure Act”) will compel all sellers of residential property to complete and deliver a Property Condition Disclosure Statement to a buyer prior to signing a contract of sale. Previously, sellers could […]
Take Judicial Notice: Amendment to NYS Property Disclosure Law to take effect in March of 2024
RE: Amendment to NYS Property Disclosure Law to take effect in March of 2024 On September 22, 2023 Governor Hochul signed legislation amending the Property Condition Disclosure Act. The new legislation will take effect on March 20, 2024. The amendment repeals the ability of a Seller of residential property to provide a $500.00 credit to […]
Take Judicial Notice: loanDepot Cybersecurity Incident
RE: loanDepot Cybersecurity Incident We have been made aware of a Cyber Incident involving loanDepot, Inc. Information regarding the scope, impact, and resolution has been limited, but loanDepot has indicated that updates will be posted to https://loandepot.cyberincidentupdate.com/. For transactions involving the payoff of a loan where LoanDepot is the payee, servicer, or lender: If the […]
Take Judicial Notice: Property Condition Disclosure Statement
RE: Property Condition Disclosure Statement On September 22, 2023 Governor Hochul signed legislation amending the Property Condition Disclosure Act. The amendment repeals the ability of a Seller of residential property to provide a $500.00 credit to a Purchaser in lieu of completing the Property Condition Disclosure Statement (“PCDS”) AND further amends the PCDS to include […]
Take Judicial Notice: License Agreement for Condo Parking & Storage
RE: License Agreement for Condo Parking & Storage A recent NYS Department of Taxation Letter Ruling has determined that parking and storage space licenses are now considered an interest in real property. As a result, pursuant to NYS Tax Law Article 31, if a Condo contract also includes an Agreement for the purchase of a […]
Your browser is out-of-date!
Update your browser to view this website correctly.Update my browser now