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Commonly Asked Property Tax Questions: A property owner calls and says “I pay too many taxes on my property.” There are two things that affect the amount of real property taxes: valuation/assessment of the property and the tax rate. Basically, the property should not be assessed above its market value. The first question is, “Do…

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New STAR Rebate Program   There’s a new STAR Rebate Program.  The STAR Exemption (lower property assessment) is being phased out and replaced by the STAR Credit (rebate check). If you are currently receiving a STAR Exemption, you do not have to register for the STAR Credit. You will continue to receive the Star Exemption….

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There are new rules governing the loan process for real estate transactions. The new TILA RESPA Integrated Disclosure (TRID) rule, referred to as “Know Before You Owe”, has new forms, and timing requirements that can slow down your real estate transaction. These new rules apply to loan applications made after October 3, 2015. The familiar…

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The City of Newburgh has a new Rental License law. This law applies to all residential rental properties, including single family homes and condominium units. The fees range from $150.00 for a single dwelling unit to $5,000.00 for a property with over 200 dwelling units. A Rental License Application must be submitted to the Newburgh…

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Several months prior to the expiration of a lease, a landlord should consider whether it wishes to renew that lease. If the landlord wants to offer the tenant a lease renewal, landlord should approach tenant at least two or three months prior to the expiration of the lease. This gives the parties time to work…

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The loan modification process can be overwhelming, frustrating, and time consuming for borrowers who fear losing their homes. Lenders are under no obligation to modify residential home loans so it behooves a borrower seeking a modification to be responsive and proactive in the loan modification application process. Here’s how to prevent a modification application from…

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The New York State Office of Temporary and Disability Assistance (OTDA) reconsidered its decision and issued an amended decision, finding that the transfer of the appellant’s home into an irrevocable trust was exclusively for a purpose other than to qualify for Medicaid, and thus did not render the appellant ineligible to qualify for nursing home…

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The residential housing market is still being battered as the result of the economic downturn of 2008-2010. There are still many foreclosures in process. Yes, increased values would help deal with the problem. However, there has not been a significant bump up in real estate values in Orange, Ulster and Sullivan Counties. Hence, many of…

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This is the tenth article in a series of articles about Buying and Selling a Home in New York State. Click here for the first installment in the series. Subscribe to this blog for future installments. Q: Do I Need A Survey When I Buy a House? A: The strictly legal answer is generally no….

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New York law, CPLR 214(6), provides for a three-year statute of limitations for a claim for professional negligence (or malpractice) against an architect or engineer. The claim accrues upon completion of the work and the resulting termination of the professional relationship between the architect or engineer and his client. The work is considered “completed” when…

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