Archived
My house was in contract for 6 mths, on the day of closing the buyer walked. What happens to the downpayment?
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Answered on December 10, 2014
It depends on what the contract terms were, and why the buyer walked. If the buyer walked for a reason other than one allowed by a contingency in...
Archived
Do I need a certified copy of recorded Deed?
Bari's answer
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Answered on December 07, 2014
No, it is not necessary to order a certified copy of your deed. Do not spend your money on obtaining one.
Who pays real estate transfer taxes in NY?
Bari's answer
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Answered on December 02, 2014
Usually the seller is responsible for the transfer tax. However, in new construction the transfer tax obligation is passed to the buyer. ...
Do you need a lawyer to transfer a deed to a house in someone else's name.
Bari's answer
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Answered on December 01, 2014
You do not have to use an attorney to do this for you but you do need to know what to do. There are also ancillary forms to be recorded with a...
Archived
Title Insurance
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Answered on November 29, 2014
Title insurance is not mandatory. It is recommended. Often when one makes a purchase they obtain title insurance. It stays in force as long as...
Archived
What do i need to file a Quick Claim Deed in White plains court? What is a recording in the county?
Bari's answer
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Answered on November 18, 2014
It is a quit claim deed. You also need to complete other forms, a TP-584 and RP-5217. These have to be done online on the PREP system. If you go...
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Archived
Who is liable for this water bill?
Bari's answer
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Answered on November 13, 2014
As another attorney stated without reading your contract it is not possible to give a definitive answer. However, in NY form contracts there is...
Archived
What is the best way to add my wife to the mortgage Title after home is bought? She could not be on the loan due to POOR credit.
Bari's answer
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Answered on November 10, 2014
Have you looked into the possibility of only your name on the promissory note to the bank, and your wife and yourself on the deed as husband and...
Archived
Real estate
Bari's answer
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Answered on November 10, 2014
If you do not live at the property, it would be to your advantage to take your name off the deed and mortgage. You would have no financial...
What forms in NYC are required to add a person to the house deed as Joint Tenant With Rights Of Survivorship?
Bari's answer
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Answered on November 10, 2014
It would probably be best to have an attorney or a title professional prepare the paperwork. You will need a new deed transferring title from the...
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