By Jeffrey B. Steiner | March 20, 2018
In his Financing column, Jeffrey Steiner warns mortgage lenders not to not rely on assignments of leases and rents, whether as a clause in the mortgage or as a separate agreement, to protect their interests in the income from their collateral prior to the appointment of a receiver or the final sale of the property at foreclosure. Instead, he concludes, "lenders should account for risks by taking other legal measures which grant them greater control and give them enforceable rights immediately upon default."
By Patricia Kane | March 20, 2018
Scott E. Mollen, a partner at Herrick, Feinstein and an adjunct professor at St. John's University School of Law discusses “Matter of Adirondack Tri-County Nursing & Rehab. Ctr.,” and “Matter of Prometheus Realty v. New York City Water Board.”
By Bernard Condon, Associated Press | March 19, 2018
A New York City official is launching an investigation into falsified documents filed by the Kushner Cos. with the city, saying that they should have been discovered earlier because the documents were hidden in plain sight.
By Josefa Velasquez | March 19, 2018
On Wednesday, the state's Court of Appeals will hear oral arguments in the case 'People v. Credit Suisse Securities', which stems from a 2012 lawsuit Schneiderman filed charging that the Swiss international bank misrepresented the risks of residential mortgage-backed securities to investors in 2006 and 2007. Those securities helped spur the 2008 financial crisis.
By Kenneth M. Block and Joshua M. Levy | March 13, 2018
In their Construction Law column, Kenneth M. Block and Joshua M. Levy write: Where a developer finds an uncooperative neighbor, recourse is available through Real Property Actions and Proceedings Law Section 881, pursuant to which the developer may obtain a license to enter the neighbor's property. Although 881 is silent as to the conditions for granting the license, a body of case law has developed providing guidance. This article discusses some of the more notable cases. Each case is fact specific and the foregoing discussion is intended only to provide guidance as to how a particular court would rule on a given issue.
By Andrew Denney | March 8, 2018
A Russian businessman has agreed to pay $6 million from the proceeds of three Manhattan apartments to satisfy a judgment against him in a forfeiture case.
By Scott E. Mollen | March 6, 2018
Scott E. Mollen, a partner at Herrick, Feinstein and an adjunct professor at St. John's University School of Law discusses three landlord-tenant cases: 'Klaynberg v. Dibrienza,' Second Lenox Terr. Assn v. Washington,' and 'Feldheim v. Stuckey.'
By Josefa Velasquez | March 6, 2018
As the Department of Financial Services finalized new title insurance regulations in 2017, title and property insurers spent roughly $658,0000 lobbying the legislature, Gov. Andrew Cuomo and DFS itself, disclosures on file with the Joint Commission on Public Ethics show.
By Eva Talel | March 6, 2018
Cooperatives and Condominiums columnist Eva Talel writes: The New York City Council had a very ambitious legislative agenda in 2017, and the New York State Legislature weighed in as well. This column highlights several important laws enacted in 2017 which impact co-ops and/or condominiums, and the steps that boards and managers should take in order to comply with the same.
By Warren A. Estis and Jeffrey Turkel | March 6, 2018
In their Rent Stabilization column, Warren Estis and Jeffrey Turkel discuss the rights of owners and non-corporeal tenants under the RSL.
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