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: • Contracts of […]
$33.4 Million Acquisition of Apartment Complex in Gwinnett County, GA. Closed in September, 2021.
$33.4 Million Acquisition of Commercial Property in Philadelphia, PA. Closed in September, 2021.
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 2021] GIT/REP-3: Seller’s Residency Certification/Exemption [revised February 2021] GIT/REP-4: Waiver of Seller’s Filing Requirement of GIT/REP Forms and Payment [revised August 2021] The GIT/REP-4A form has not […]
$1.6 Million Acquisition of Restaurant in Delaware County, PA. Closed in September, 2021.
$13.3 Million Acquisition of Shopping Center in Cuyahoga County, OH. Closed in September, 2021.
$8.1 Million Refinance of Industrial Building in LeHigh County, PA. Closed in September, 2021.
$23 Million Acquisition of Condominium in NYC. Closed in August, 2021.
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: Adjoining Owners/Bamboo Contract […]
$5.25 Million Acquisition of residence in Suffolk County NY. Closed in August, 2021.
$10.6 Million Acquisition of Shopping Center in Suffolk County, NY. Closed in August, 2021.
$36 Million Construction Loan and Acquisition of properties for Commercial development in Westchester County, NY. Closed in July, 2021.
$20 Million Acquisition of Apartment Complex in DeKalb County, GA. Closed in June, 2021.
$7.5 Million Refinance of Office Building in Essex County, NJ. Closed in June, 2021.
$46 Million Acquisition of Apartment Complex in Houston, Texas. Closed in May, 2021.
$7.4 Million Acquisition of Condo in Manhattan. Closed in April, 2021.
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 like to share this information with you, so that you can better serve your clients. Some of the topics covered in this newsletter include: Equitable […]
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 contact with a County, Municipal, or Tax Assessor’s office? If so, click here for helpful links and phone numbers to assist you and your clients.
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 residential real property as defined in subdivision (a) of section fourteen hundred two-a of this article, if the tax imposed by this article is paid […]
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: Adjoining Owners/Condominium Units Adjoining […]
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 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 […]
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 see an infographic on the key points to remember with regard to death and taxes.
$6.2 Million Refinance of Residence in Manhattan. Closed in March, 2021.
$8.6 Million Refinance of Commercial Building in Morris County, NJ. Closed in March, 2021.
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 needed? How old is the POA? Is it potentially too old to be relied upon? Have you checked with the principal who executed 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 old form and the new form can be found on their respective Line 19; the prior form provided for a New York State tax rate […]
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: Contracts of Sale/Down Payments […]
$10 Million Acquisition of Condominium in Manhattan. Closed in March, 2021.
$5.85 Million Refinance of Office Building in Morris County, NJ. Closed in February, 2021.
$5.25 Million Refinance of Apartment Building in Essex County, NJ. Closed in February, 2021.
$13 Million Acquisition of Commercial Building in Morris County, NJ. Closed in January, 2021.
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: TAX LAW SECTION 1404 […]
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 of the property (e.g. principal marital residence, second home, investment). Click on this link to see an infographic on Spousal Signature Requirements.
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 eliminate the obligation to pay the debt secured by a judgment, it does not discharge the lien against the property. Click on this link to see […]
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: EXECUTIVE ORDER 95/21 Stay […]
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: Adverse Possession Contracts of […]
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 dramatically changed the Statutory Short Form Power of Attorney. The new language can be found at: A.5630-A or S.3923-A. Passage was conditioned upon the amendment of the new […]
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 are also provided with this alert. The changes on each form are found in the Instructions. On the GIT/REP-3, the first paragraph was revised to read: […]
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 to authorizing legislation located at Article 33-B of the New York Tax Law and Section 6-s of the General Municipal Law, is Local Law No. […]
$11.5 Million Refinance of Industrial Building in Cecil County, MD. Closed in November, 2020.
$30 Million Acquisition of Industrial Warehouse in Lackawanna County, PA. Closed in October, 2020.
$4.4 Million Acquisition of Apartment in Manhattan. Closed in September, 2020.
$9.5 Million Acquisition of Apartment in Manhattan, NY. Closed in September, 2020.
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: Adverse Possession Building […]
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: Adjoining Owners/Condominium Units […]
$40 Million Acquisition of Hotel in Manhattan, NY. Closed in September, 2020.
$22 Million Acquisition of Apartment Building in Fulton County, GA. Closed in September, 2020.
$10 Million Refinance of Industrial building in Baltimore County, MD. Closed in September, 2020.
$14 Million Refinance of Apartment in Manhattan. Closed in August, 2020.
