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NY Title Industry News and Updates – July 2022

Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to share this information with you, so that you can better serve your clients.

Some of the topics covered in this newsletter include:

  • Condominiums/Common Charge Lien
  • Contracts of Sale
  • Eminent Domain/”Reasonable Probability Incremental Increase Rule”
  • Lien Law/Arbitration
  • Lien Law/Willful Exaggerated Mechanic’s Lien
  • Mortgage Foreclosures/Neglect to Prosecute
  • Mortgage Foreclosures/Notices – RPAPL Section 1303
  • Mortgage Foreclosures/Notices – RPAPL Section 1304
  • Mortgage Foreclosures/Referee’s Report
  • Mortgage Foreclosures/United States a Party
  • Mortgage Foreclosures/Vacating Default
  • Mortgages/Statute of Limitations
  • New York City/Building Department/Signage
  • Pandemic/Lease Guarantees
  • Powers-of-Attorney/Ratification
  • Real Estate Taxes/Assessments
  • Recording Act/Notice of Pendency
  • Statute of Limitations
  • Tax Lien Sales
  • Transferrable Development Rights/Reversion

To view the July newsletter, click here. As always, if you have any questions about Title Insurance or if there is anything else we can do to assist you, please contact us at (212) 239-8789.