New Rules For Building Registration


New York City’s  Department of Housing Preservation and Development requires owners of multiple dwellings to register their buildings with the department annually. Before this recent change, different buildings would register at different times. Now all buildings covered by the law — generally buildings that have three or more rental apartments — must register with the department … More New Rules For Building Registration

Boomerang Buyers Return to Market After Foreclosure


This CNN Money article points out how many who lost their homes to foreclosure and short sales are taking a fresh start at home ownership. Borrowers who lost homes to foreclosure during the housing bust are starting to buy again. Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.2 … More Boomerang Buyers Return to Market After Foreclosure

Sandy-damaged homes hit the market at bargain prices.


This recent article from  Associated Press reveals the mindset of sellers, buyers and brokers dealing with homes affected by Hurricane Sandy that are  going on the market this Spring.   It sounds like the premise for a new reality TV series: “Hurricane House” — people scouring waterside communities looking to buy homes damaged by Superstorm … More Sandy-damaged homes hit the market at bargain prices.

A Loan Contingency and a Buyer’s Rights


 A commitment to make the loan  that  is conditioned on obtaining an appraisal satisfactory to the lender,  is not considered a firm loan commitment until that condition is removed. If the appraisal eventually comes in at a number that is too low to support the amount of loan applied for the  purchaser may elect to terminate … More A Loan Contingency and a Buyer’s Rights