Embarking on a career as a real estate agent in New York State offers a dynamic and rewarding professional path. This guide outlines the essential steps to obtain your real estate salesperson license, providing a clear roadmap for aspiring agents. Step 1: Meet Basic Eligibility Requirements Before pursuing a real estate license in New York, […]
By Brian Figeroux, Esq. Embarking on the journey of homeownership is a significant milestone, especially in New York State’s dynamic real estate landscape. Understanding how much you can borrow is a crucial first step in this process. This guide outlines the steps to assess your borrowing capacity and navigate the home-buying process effectively. Step 1: […]
By Brian Figeroux, Esq. One of the most contested issues in a New York divorce is determining who gets the house. Since a home is often a couple’s largest asset, its division can be complex, especially when children, financial investments, and emotional attachments are involved. New York follows equitable distribution laws, meaning marital property—including a […]
As older adults navigate financial planning, one of the most significant assets they own is their home. In situations where additional funds are needed—especially to cover long-term care costs—home equity can be a valuable financial resource. However, accessing home equity requires careful consideration, as different financial products come with varying risks and benefits. The three […]
By Brian Figeroux, Esq. In New York, when a foreclosed property is sold for more than the outstanding mortgage debt and associated costs, the excess funds are known as surplus monies. These funds are deposited with the court and can be claimed by individuals or entities with a legitimate interest, such as junior lienholders or […]
The dream of owning a home is deeply rooted in the American culture, symbolizing financial success, stability, and a place to call one’s own. For many, owning a home represents a significant milestone, offering a sense of pride and accomplishment. However, turning that dream into reality requires careful planning, understanding of the housing market, and […]
By Esther Claudette Gittens Elevators are an essential part of modern buildings, providing accessibility and convenience to tenants, employees, and visitors. However, when an elevator malfunctions—especially when it becomes stuck or experiences a potential free-fall—the responsibilities of building owners and staff become critical to ensuring safety and mitigating liability. Understanding these obligations, as well as […]
Estate planning is crucial in securing your financial future and ensuring your loved ones are cared for after you’re gone. While many avoid thinking about it, creating a well-thought-out estate plan can provide peace of mind for you and your family. It allows you to control your assets, ensure your wishes are followed, and reduce […]
Going through a divorce is one of the most challenging life events anyone can experience, and it often comes with significant changes in many aspects of life, including housing. If you’re considering buying a house after divorce, it can feel like a daunting task. However, with careful planning, understanding your financial situation, and a clear […]
By Brian Figeroux, Esq. Buying a home in New York City is a milestone achievement, but it can also be one of the most complex real estate transactions in the country. The city’s unique real estate market, combined with its competitive demand and high costs, requires prospective buyers to be well-prepared and well-informed. This article […]