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As part of a new initiative to help prevent inappropriate or fraudulent STAR exemptions, all homeowners currently receiving a Basic STAR exemption are required to register with the New York State Tax Department in order to receive the STAR exemption in 2014 and subsequent years. Senior citizens currently receiving the Enhanced STAR exemption are not…

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It is not uncommon that unit owners in residential developments structured as Homeowners Associations or Condominium Associations volunteer to run for office and serve on the Boards that govern those entities – Boards of Directors for HOAs and Boards of Managers for Condominiums. The people seeking such positions are often motivated in the same ways…

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As highlighted in Marcia Jacobowitz’ post on September 10, 2012, the short sale process will be expedited as of November 1, 2012. Unfortunately, the Mortgage Forgiveness Debt Relief Act of 2007, enacted on December 20, 2007, is about to expire. This IRS program effectively forgives persons who have debt forgiven in a short sale or…

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This is the seventh 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: Can I lose my downpayment, if I do not get financing? A: Yes, it is possible to lose…

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This is the sixth 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: Can I be responsible to pay a real estate broker a commission or pay multiple brokers a commission…

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This is the fourth 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: How can I “count the cost” when buying a home? A: The first step with any purchase, large…

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This is the third 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. When Should I Get a Real Estate Attorney Involved in the Transaction? A. Whether buying or selling a…

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This is the second 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. Now that I have decided to hire an attorney, what should I consider other than price? A. It is…

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This is the first in a series of articles about Buying and Selling a Home in New York State. Subscribe to this blog for future installments. Q. I have been told that buying a home in California is so much easier because attorneys are not usually involved. Do I need an attorney when I buy…

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