Archived
Should I offer the deed to my property back to the banks after it failed to be sold at property tax auction?
Yan's answer
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Answered on December 09, 2013
Based on what you told me, this property is now an REO. In other words, the bank's initial buy-back bid at auction (often the amount left on the...
Archived
Time period for coop foreclosure in NYC? and isn't deficiency difference between amount owed and Fair Market Value?
Yan's answer
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Answered on December 09, 2013
They are indeed non-Judicial, as the shares are pledged as collateral under the UCC. However, if you are current with your board's carrying costs,...
Archived
Hi.i would like to buy small coop studio in Brooklyn NY and my relatives and boyfriend want to pay for it!! how do i start?
Yan's answer
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Answered on December 09, 2013
You will still need to apply with the board, and chances are, someone with better financials will need to co-own. A lawyer, preferably a Russian...
Archived
I am 50 % owner of vacant land. I just learned that my partner has been collecting rent since 2011. Wouldn't this be fraud.
Yan's answer
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Answered on December 09, 2013
I would say this is closure to breach of fiduciary duty, or an action under common-law property. Consult a lawyer.
Archived
I am overdue paychecks from a freelance job. Business mgr holding up invoice approval. What can I do to expedite payment?
Yan's answer
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Answered on December 09, 2013
I would start with a demand letter, and a follow-up phone call.
Archived
I have an established LLC business. I am considering bringing in two partners and creating an S Corp. How is this handled?
Yan's answer
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Answered on December 09, 2013
I will not comment on the tax-related elements of this querry, as I am not a tax attorney. However, there are several ways to accomplish this. ...
Archived
What should I do with capital that was given to us as a grant when dissolving a NYS C-Corp?
Yan's answer
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Answered on December 02, 2013
I think John Corrigan answers it best. You are a for-profit company given an award, with seemingly no contingent rights or limitation, based on a...
Archived
Wording of Will determines if the Estate or the Beneficiary pays the mortgage on Real Property? No Estate $ to pay off mortgage.
Yan's answer
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Answered on November 18, 2013
Property must be transferred free of encumbrances. The will has no say in this.
Archived
Can i use real actor names & images in a online multiplayer game?
Yan's answer
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Answered on November 18, 2013
If it sounds too easy, it probably is. No, you cannot use their names.
Archived
Probate inheritance - family business & estate - deceased's brother vs. minor children.
Yan's answer
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Answered on November 18, 2013
This will require an attorney. The answer may well hinge on whether the brother has any control of the company itself, the nature of said company,...
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