Category: Bulletins

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 […]

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 […]

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 […]

Please be advised that the following GIT/REP forms have been updated over the course of 2021:  GIT/REP-1: Nonresident Seller’s Tax Declaration [revised October 2021]  GIT/REP-2: Nonresident Seller’s Tax Prepayment Receipt [revised October […]

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 […]

Current Developments 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 […]

Have you ever been unsure where to find the GIT/REP forms and Affidavits of Consideration, or had questions about how to complete them? Have you ever had difficulty getting in […]

Effective July 1, 2021, the amendment to Tax Law 1404 will go into effect. One of the provisions of the amended law states: In the case of a conveyance of […]

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 […]

New York’s Statutory Short Form Power of Attorney (“SSF”) Current Developments is a seasonal newsletter provided by First American Title Insurance Company to its agents, covering the latest developments in […]

In recent years, state and federal legislative changes have reduced, but not eliminated, exposure to governmental liens arising out of the death of real property owners. Click on this link to […]

Have you ever been unsure about relying upon a Power of Attorney (“POA”) in your transaction? Here are key questions to ask yourself and your clients: Why is the POA […]

Please note that a revised IT-2663 form has been recently implemented by the NYS Department of Finance. A link to the revised form is provided below; the difference between the […]

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 […]

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 […]

Have you ever been confused about whether both spouses need to sign a deed or mortgage? Spousal signature requirements will depend upon the type of transaction and the couple’s use […]

Have you ever been told “That judgment was wiped out by my bankruptcy and my attorney told me I don’t need to worry about it”? Although the bankruptcy discharge may […]

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 […]

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 […]

RE:New Statutory Short Form Power of Attorney (GOL Section 5-1501 et seq.)On December 15, 2020, Governor Cuomo signed into law a revision of the General Obligations Law Section 5-1501 that […]

The State has revised the GIT/REP-3 and GIT/REP-4 forms. The revised versions of each form are available on the State’s website – www.state.nj.us/treasury/taxation (choose Forms, Income Tax Forms). The revised version of each form […]

Please be advised that the Town of New Paltz is now imposing a new real estate transfer tax, effective February 1, 2021. The law imposing the new tax, enacted pursuant […]

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 […]

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 […]

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 […]

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 […]

There is a major change to tax searches concerning NYC Water and Sewer Charges.  Going forward, the search will disclose only the current account balance and will not indicate the period […]

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 […]

         On April 9, 2020 the IRS issued Notice 2020-23. This Notice extended many deadlines for taxpayers affected by the COVID-19 pandemic including Section 1031 exchange time deadlines.            This Notice […]

         Redemption of tax sale certificates [“TSCs”] can present difficulties for buyers and sellers, as well as for their attorneys and title companies. N.J. Title Practice, §101.17 (4th Ed. 2016) discusses […]

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 […]

New York State has published an updated TP 584 Form for use on all transfers of interest in real property. A copy of the form can be accessed here. Effective […]

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 […]

Please be advised that the Division of Taxation has recently posted revised GIT/REP 1, 3 and 4 forms on its website. As you are aware the New Jersey Gross Income […]

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 […]

On September 20, 2019 we sent a newsletter regarding the new Tax Law in NYC, effective immediately, regarding LLC’s involved in residential real estate transactions. To view the newsletter, click […]

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 […]

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 […]

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 […]

Have you ever been unsure where to find the GIT/REP forms and Affidavits of Consideration, or had questions about how to complete them?  Have you ever had difficulty getting in […]

New York State’s Budget Bill, enacted as Chapter 59 of the laws of 2019, amended Tax Law Sections 1402 (“Imposition of tax”) for the state’s Real Estate Transfer Tax, and […]

The Suffolk County Clerk has issued the attached memo regarding a decrease in the fee for the Real Property Tax Service Agency Mortgage Verification Fee. The fee has decreased from […]

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 […]

Current Developments Special Edition Newsletter is provided by First American Title Insurance Company to its agents, covering the latest developments in the state of New York. We would like to […]

Effective April 1, 2019, the rate of tax imposed on the recording of mortgages on real property located in Essex, Greene, and Warren Counties for each $100.00 secured by the […]

The 2020 New York State Budget Bill includes increases to the New York State Transfer and Mansion taxes, which affect real property in New York City as well as any […]

Title Talk is a seasonal newsletter provided by the Fidelity National Title Group to its agents, covering the latest developments in the state of New Jersey. We would like to […]

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 […]

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 […]

ETHICS OPINION 1161 New York State Bar Association Committee on Professional Ethics Opinion No. 1161 [Inquiry No. 14-18] TOPIC: Confidential Information: Lawyer’s duty to preserve and to make adequate disclosure […]