NY Attorney General Letitia James recently announced the arrest of a man who is accused of stealing the deed to a 92-year old woman’s home. This theft involved taking advantage of the victim’s diminished mental state, tricking her into signing away her home using forged documents, among other crimes. The arrest highlights the ongoing issue of deed theft, and in particular the ways in which dishonest people will take advantage of the elderly and other vulnerable populations.
According to a recent Gothamist article, it was estimated that around $400 million in homes across New York City are at potential risk of deed theft. This vulnerability is the result of ongoing ownership disputes that make it easier for opportunists to potentially take control of different properties. These issues point to the importance of effective estate planning, as well as ensuring you have experienced legal representation to prevent this from happening to you or someone you love.
A recently introduced bill would attempt to roll back squatters’ rights in New York, making it easier for landlords to remove tenants occupying the premises illegally. The bill comes after a high profile case involving a woman arrested for changing the locks on a property she owns and alleged that there were squatters occupying the premises. If successful, the bill could have a dramatic effect on the rights of tenants throughout New York, not just for squatters.
You may have seen television commercials advertising reverse mortgages, telling you about the financial rewards that can come from taking a reverse mortgage on your home. While it can theoretically result in additional money in your pocket, at least in the short term, it’s important not to mistake it for a financial windfall. You should be aware of the perils of a reverse mortgage before you take one out on your home. Continue reading “The Perils of a Reverse Mortgage”
If you’ve ever been involved in buying or selling real estate, you might’ve heard about “covenants” and “easements,” and maybe even had to go through some bureaucratic pains to deal with them. They’re certainly an important part of any discussion about the sale of property, since they can seriously impact how you use and enjoy that property. But what is a covenant or an easement, and how could it impact the sale of your property? Continue reading “Covenants and Easements”
When you sign a lease to rent an apartment, there are a few basic expectations you probably have about your new residence. One is that you will actually be able to live in the space you’ve rented. While this might seem like a reasonable request, there are many landlords who do not hold up that end of the bargain. Fortunately, the law protects your right to livable conditions, with what is known as the warranty of habitability. Continue reading “The Warranty of Habitability”
Several groups that represent landlords in New York have sued to block new rent-control measures that were recently signed into law by Governor Andrew Cuomo. The new laws limit landlords’ ability to raise rent on rent-controlled apartments, even after their current tenants leave. This limits landlords’ ability to make money on those apartments, which they argue is an unconstitutional deprivation of their property rights. Continue reading “Landlord Groups File Lawsuit to Block New Rent Laws”
After much opposition, the New York State Legislature recently passed new rent laws that offer more protections to tenants located in New York City. The underlying goal of the new laws is to maintain affordability and stability in a city which nearly 65 percent of residents are renters. Continue reading “New York State Passes New Rent Laws”
An East Village landlord who was recently arrested for allegedly taking out millions of dollars in loans through fraudulent means is also facing a civil lawsuit filed by New York State Attorney General Eric Schneiderman. According to an article by Crains New York Business, it is alleged that the landlord illegally harassed tenants in the rent-regulated apartments he owned by attempting to have them evicted so he could charge higher rents.
Mayor de Blasio recently passed a law that would grant greater protection to tenants and prevent landlords from forcing them to move out of rent controlled and rent stabilized apartments.
The law is designed to prevent landlords from forcing tenants to move from rent controlled and stabilized apartments so that landlords can then re-rent the apartments and charge higher rents. Violation of the new law will result in significant fines. Landlords may face penalties for a first time offense ranging from $1,000 to $10,000 for engaging in prohibited tactics in an attempt to get tenants to vacate. Fines up to $20,000 may be imposed for additional violations.
“I want to take this time to thank Tanya and Keith for their professionalism and their ability to keep me calm during this process. Tanya was very helpful in explaining the whole guardianship process and my next steps. Despite my numerous emails, I never felt ignored or that they were growing weary of me. Even after being granted guardianship when I had an issue with the bank releasing money Tanya stayed calm and found a way to get what I was entitled to. I hope I never need to do this again but if I do, I will definitely come back to Tanya and her team. Thank you Thank you Thank you. Love from Bermuda.”
-K. Durham. (An attorney in Bermuda transferring a Bermudian guardianship to NY)
