July 30, 2008 | New York Law Journal
A New DirectionAdam Leitman Bailey and Dov Treiman, partners at Adam Leitman Bailey, PC, write that without any riots, bloodshed, or major legislative changes, the overwhelming number of anti-landlord courts and decisions of the late 1970s to the mid-1990s have given way to new trends slowly wearing away at the rock of procedural and substantive protections meant to enable tenants to keep their tenancies despite alleged violations of their obligations.
By Adam Leitman Bailey and Dov Treiman
12 minute read
June 09, 2010 | New York Law Journal
HETPA Contains Land Mines For Unwary Attorneys, BuyersAdam Leitman Bailey, the founding partner of Adam Leitman Bailey, P.C., and Dov Treiman, a partner at the firm, write that despite its good intentions, the New York Home Equity Theft Prevention Act's anti-consumer effect easily makes it the worst real estate statute currently on the books
By Adam Leitman Bailey and Dov Treiman
13 minute read
June 10, 2009 | New York Law Journal
Despite 'Jones,' Ambiguities In Title Chain Can Be CuredAdam Leitman Bailey and Dov Treiman, partners at Adam Leitman Bailey, P.C., write: When the Supreme Court decided Jones v. Flowers, it exacerbated a nagging problem for the title insurance industry - the necessity to do constitutional analysis when examining chains of title. With the increase in tax foreclosures, more properties have these ambiguities. But, while we recognize that many titles come with problems from tax foreclosures in the chain of title, we do not find the need to reject such titles. Instead, one can take measures to make these transactions as safe as any other.
By Adam Leitman Bailey and Dov Treiman
15 minute read
August 11, 2010 | New York Law Journal
New Power of Attorney Law Corrects Some Flaws, Not AllAdam Leitman Bailey, founding partner of Adam Leitman Bailey, PC, and Dov Treiman, a partner at the firm, write that while the 2009 version of the power of attorney statute was full of traps for those who had no idea what they were reading, at least the 2010 version has people signing on to what they probably do want to have happen.
By Adam Leitman Bailey and Dov Treiman
10 minute read
November 22, 2010 | New York Law Journal
New Use for an Old Tool: Collecting Rent With an Account StatedAdam Leitman Bailey, founding partner at Adam Leitman Bailey, P.C., and Dov Treiman, a partner at the firm, write that for landlords who take all of the proper steps, accounts stated are peculiarly suitable for motions for summary judgment, even cutting edge.
By Adam Leitman Bailey and Dov Treiman
14 minute read
January 30, 2008 | New York Law Journal
Pitfalls for BuyersAttorney Adam Leitman Bailey and Dov Treiman write that recent case law demonstrates that buyers of residential property with rent-regulated units have been blind-sided by financial risks arising from their attorneys' ignorance of rent regulatory laws.
By Adam Leitman Bailey and Dov Treiman
12 minute read
December 09, 2009 | New York Law Journal
New Rules Aim to Curb Excessive Closing CostsAdam Leitman Bailey, founding partner of Adam Leitman Bailey, P.C., and Dov Tremain, a partner at the firm, write that under new HUD regulations, borrowers will better understand the loan product being offered as well as the real cost of a loan and relevant closing fees. The chief tools the law uses to achieve its goals are the mandatory Good Faith Estimate and HUD-1 Closing Statement forms, both of which already existed, although they bore almost no resemblance to the new forms. Yesterday's toothless, incomprehensible and relatively useless GFE has been replaced with a three-page compressive GRE form - one adopted by HUD only after the kinds of market studies one would normally expect from a major corporation looking to launch a new product line.
By Adam Leitman Bailey and Dov Treiman
16 minute read
August 12, 2009 | New York Law Journal
State High Court Decision Exorcises Ghosts of Liens PastAdam Leitman Bailey and Dov Treiman, partners of Adam Leitman Bailey, P.C., write that in a triumph for the title industry, but an apparent blow for judgment creditors, the Court of Appeals recently held that judgment liens renewed in New York will only obtain junior priority unless the judgment creditor completes the renewal process during the 10th year of the lien's life. The problem with that process is that if it may take more time than the law allows to prevent gaps in the judgment's lien status.
By Adam Leitman Bailey and Dov Treiman
12 minute read
August 08, 2007 | New York Law Journal
Wither 'Sofizade'?Adam Leitman Bailey and Dov Treiman, partners at Adam Leitman Bailey PC, write that at first blush, Sofizade seemed like a welcome addition to the literature. However, soon it became apparent that there were some courts who were using it as a license to regard all of the strictures found in Article 7 of the RPAPL, particularly as regards the issuance of stays in holdover proceedings, as mere guidelines.
By Adam Leitman Bailey and Dov Treiman
10 minute read
April 25, 2007 | New York Law Journal
The Limits of 'Landaverde'Adam Leitman Bailey, a partner in the law firm of Adam Leitman Bailey, and Dov Treiman, of counsel to the firm, write that with the passage of two and half years, there is still no agreement on a conceptual framework for defining Landaverde's limits, although we are beginning to see as through a mirror, darkly, the outlines of some borders.
By Adam Leitman Bailey and Dov Treiman
11 minute read
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