Purchasing a cooperative (“Co-op”) unit in the name of a Trust has become more and more frequent in recent years. For a long time, many co-ops would not approve trust ownership. However, several co-ops have come to an understanding that
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Adam Leitman Bailey attorney Jeffrey Metz argues a RPAPL 881 Licensee case in front of the Appellate Division First Department against one of the largest property owners in New York.
Adam Leitman Bailey attorney Jeffrey Metz argues a RPAPL 881 Licensee case in front of the Appellate Division First Department against one of the largest property owners in New York.
Remote Notarization No Longer Allowed for Purchase and Refinance Closings
As of June 24th Governor Cuomo announced the end of NY’s State of Emergency which means the use of remote notarization is no longer effective. Adam Leitman Bailey, P.C. previously used remote notarization to conduct refinance closings for a select…
Changes to the New York Statutory Power of Attorney Form
As of June 13, 2021, New York State enacted a new statutory Power of Attorney (“POA”) form. Any POA created prior to this date will remain effective if it conforms to the current law at the time of its…