Home Ownership: Determining Your Borrowing Capacity

Home Ownership: Determining Your Borrowing Capacity

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: […]

Who Gets the House in a New York State Divorce?

Who Gets the House in a New York State Divorce?

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 […]

How to Use Home Equity If You Have To: An In-Depth Analysis

How to Use Home Equity If You Have To: An In-Depth Analysis

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 […]

A Step-by-Step Guide to Collecting Surplus Money in Foreclosure Actions Under RPAPL §1361 in New York

A Step-by-Step Guide to Collecting Surplus Money in Foreclosure Actions Under RPAPL §1361 in New York

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 […]

From Dream to Keys: Becoming a Homeowner

From Dream to Keys: Becoming a Homeowner

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 […]

The Responsibilities of Building Owners and Staff When Elevators Malfunction and the Fire Department Should Be Called

The Responsibilities of Building Owners and Staff When Elevators Malfunction and the Fire Department Should Be Called

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 […]

How Estate Planning Can Give You Peace of Mind

How Estate Planning Can Give You Peace of Mind

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 […]

Buying a House After Divorce

Buying a House After Divorce

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 […]

What I Should Know About Buying a Home in New York City

What I Should Know About Buying a Home in New York City

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 […]

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