Self Serving Affidavits Insufficient to Calculate Debt Owed in Foreclosure Proceeding

This week we wanted to bring your attention to an interesting decision out of the Appellate Division, 2nd Department, which vacated a lower Court’s Order granting Plaintiff/Lender a Judgment of Foreclosure and Sale on a mortgage foreclosure proceeding.  The Court based its decision, in part, on the fact that the “affidavit of the plaintiff's servicing agent, submitted for the purpose of establishing the amount due and owing under the subject mortgage loan, constituted inadmissible hearsay and lacked probative value.”  
The relevant facts of, as well as a link to, the case are set forth below.

  245 Hits

Countdown to 2025: Preparing Your NYC Property for Local Law 97 Compliance"

This week we wanted to remind you that building owners of certain “Covered Buildings” must start to comply with NYC Local Law 97 of 2019 (“LL 97”), which became effective on November 15, 2019, and sets limits on the greenhouse gas emissions starting in 2024. The goal of LL 97 is to help New York City reduce, by at least 40%, its greenhouse gas emissions from buildings by the year 2030 and achieve net zero emissions by 2050.

  229 Hits

Preparing for the TIRSA Manual's 7th Revision: Key Updates for Real Estate Professionals

This week we wanted to update you on significant changes being implemented to the Title Insurance Rate Service Association (TIRSA)  Manual which will take effect on October 1, 2024 (collectively the “7th Revision to the TIRSA Manual”).

  342 Hits

Property Rights Victory: Court Upholds Homeowners' Driveway Installation

This week we wanted to bring to your attention an interesting decision out of the Appellate Division, 3rd Department, which upheld a lower court’s ruling that, in part, dismissed a Plaintiff’s Complaint seeking a Declaratory Judgment that the Defendants’ installation of a driveway had violated a Restrictive Declaration contained in their Subdivision Covenants & Restrictions agreement.  The relevant facts of, as well as a link to, the case are set forth below.

  332 Hits

STAR Program Explained: Exemption Survival After Owner's Passing

This week we wanted to address a question that has come up from time to time - Does a STAR exemption remain on the property if an approved STAR applicant dies after the Taxable Status Date? (NOTE: for STAR Abatement purposes the Taxable Status Date is March 1 of each calendar year).

  476 Hits

Stepchildren vs. Stepmother: A Cautionary Tale of Property Rights and Deed Language

This week we wanted to bring to your attention an interesting decision out of the 2nd Department which held, in part, that a decedent’s children could not successfully claim an interest in their father’s property where the father had, prior to his death, executed and recorded a deed adding his current wife (the children’s stepmother) to Title with the designation - as “His Wife.”

  240 Hits

Last Chance: HPD Pushes Property Registration Deadline for NYC Landlords

This week we wanted to supplement our July 23, 2024 Title Tuesday and let you know that the NYC Department of Housing Preservation and Development (HPD) has extended the deadline for certain Property Owners to register their properties with HPD from September 1, 2024 to September 30, 2024 (the “New Registration Deadline”).

  222 Hits

Filing of a Notice of Pendency Serves as a Substitute for the Recording of a Conveyance or a Contract

This week we wanted to draw your attention to an interesting decision out of the 2nd Department which reversed a lower Court’s Order and granted a Defendant’s motion to cancel Plaintiff’s Lis Pendens and further dismissed Plaintiff's Complaint which claimed that Plaintiff owned a twenty-five (25%) percent interest in the property by way of an unrecorded agreement. 
The relevant facts of, as well as a link to, the case are set forth below.

  288 Hits

Constructive Notice and Easements: A Game-Changer for Property Owners

This week we wanted to bring your attention to an interesting decision out of the 2nd Department which held, in part, that an unrecorded Easement for ingress/egress could be enforced by the benefitted property owner based on Constructive Notice to the burdened property owner. 

The relevant facts of, as well as a link to, the case are set forth below.

  298 Hits

2025 Deadline Alert: NYC's Expanded Lead Paint Testing Requirements for Buildings

This week we wanted to supplement our October 31, 2023, Title Tuesday which discussed NYC Local Law 31 of 2020 (“LL 31”) which went into effect on August 9, 2020 (the “Effective Date”) and requires certain property owners to complete at least one (1) investigation for the presence of lead-based paint utilizing an X-Ray Fluorescence (XRF) analyzer by no later than August 9, 2025 (the “Effective Date”). 
 
A link to the October 31, 2023, Title Tuesday email is set forth below.
https://www.homeabstractcorp.com/bulletin/lead-based-paint-inspections

 
While it is commonly known that LL 31 requires all Residential Apartments in covered properties to be tested for lead utilizing an X-Ray Fluorescence (XRF) analyzer before the Effective Date (unless an Apartment qualifies for a specific Exemption), what many are not aware of is that NYC Local Law 111 of 2023 (“LL 111”) now supplements LL-31 and requires that all Common Areas of covered buildings be tested in similar fashion.  The deadline to complete the XRF testing for all Common Areas and report results is due by August 9, 2025, as well.  

A link to LL 111 is set forth below.  
https://intro.nyc/local-laws/2023-111
 
Please note that HPD will require submission of documented evidence of XRF lead testing in accordance with LL 31 and LL 111 as part of any attempt to clear Lead Paint Violations issued after August 9, 2025.
 
Below is a link to HPD’s website with additional important information regarding the current state of NYC’s Lead Paint testing requirements.
https://www.nyc.gov/site/hpd/services-and-information/lead-based-paint.page

  1090 Hits

New York's TODD Law: What Property Owners Need to Know in 2024

Given that the Heirs Property Protection and Deed Theft Prevention Act of 2024 (New Real Property Law (RPL) § 424) went into effect on July 19, 2024 (the “Effective Date”), we wanted to take this opportunity to update you on what is known, as well as unknown, regarding the use of a Transfer on Death Deed (“TODD”). 

  1739 Hits

September 1, 2024 Deadline to Register Properties with HPD

This week we wanted to remind you that the deadline for certain Property Owners to register their properties with the NYC Department of Housing Preservation and Development (HPD) will expire on September 1, 2024.  Specifically, Property Owners of residential buildings are required by law to register annually with HPD if that residential property is a multiple dwelling (3+ residential units) or a private dwelling (1-2 residential units) where neither the owner nor the owner's immediate family resides in the premises.  In addition to the annual filing, Building registrations must also be filed whenever ownership changes or whenever the information on a valid registration changes (ie.  new managing agent or site management).

  784 Hits

Protecting Your Home from Deed Theft: The Benefits of TIRSA Owners Extended Protection Policy

Over this past weekend you may have read news articles summarizing the conviction and criminal sentence handed out to convicted fraudster, Marcus Wilcher, for his role as the leader of a Queens deed theft ring, who together with co-conspirators (including a now disbarred attorney), targeted elderly or disabled Queens County residents to “steal” their homes using false identity documentation and imposter “Sellers.” 

  261 Hits

Retaining Wall Repair Case Sets Precedent for RPAPL 881 License Fees

This week we wanted to draw your attention to an interesting decision out of the 1st Department, which held, in part, that Real Property Actions and Proceedings Law (“RPAPL”) Section 881 (“Access to adjoining property to make improvements or repairs”), would not support an award of license fees, legal costs and expenses for the repair of a retaining wall that straddled the property line between two adjoining properties absent an affirmative showing of “substantial interference” with the use and enjoyment of the access area utilized to make the required repairs. 
The relevant facts of, as well as a link to, the case are set forth below.

  357 Hits

Routine Elevator Upkeep Fails to Qualify for Mechanic's Lien, NY Judge Rules

This week we wanted to bring your attention to an interesting decision rendered in the Supreme Court, New York County, which, in part, granted a Petitioner/Owner’s motion to vacate a Mechanic’s Lien on the basis that the stated work failed to meet the requirements of Lien Law Section 2. 

  280 Hits

Driveway Access Dispute: NY Court Upholds Easement Rights in Subdivision Case

This week we wanted to bring your attention to an interesting decision out of the Third Departments that affirmed a lower Court’s Order granting Plaintiff use and access rights over an Easement for ingress and egress notwithstanding that the grant of Easement had been expressly terminated as to adjoining lots but not specifically terminated against the Plaintiff’s Lot. 
The relevant facts of, as well as a link to, the case are set forth below.

  456 Hits

Important Case Analysis: Time of the Essence and Breach of Contract in Property Sale

This week we wanted to draw your attention to an interesting case litigated in front of Justice Ruschelsman in the Supreme Court, Kings County. Justice Ruchelsman’s decision, in part, denied Plaintiff’s motion for Summary Judgment for causes of action for Specific Performance and Breach of Contract arising out of a Real Estate transaction where the Seller properly established a Time of the Essence (“TOE”) Closing due to Purchaser’s failure to timely close title. Among other claims, the Plaintiff-Purchaser, unsuccessfully attempted to argue that a contractual provision granting Purchaser a 10-day right to cure certain defaults also served to automatically extend any Time of the Essence Closing Date set forth in the Seller’s TOE Notice.

  361 Hits

Significant Decision: Foreclosure Action Dismissed Over Incorrect Wire Transfer

This week we wanted to direct your attention to an interesting decision out of the Second Department where the Appellate Court upheld a lower court’s Order granting Summary Judgment and dismissed a foreclosure action against a Defendant-Purchaser where the underlying mortgage was presumably paid in full at closing, but the Wired payoff funds never reached the Lender’s actual account.  The decision, in part, turned on the fact that the error in providing and/or crediting the correct Payoff Bank’s account rested with the Payoff Bank and/or its own representative(s) and not with the Purchaser or its Wiring bank.
The relevant facts of, as well as a link to, the case are set forth below.

  288 Hits

Buyer Beware: Queens Real Estate Case Highlights Limits of Fraud Claims Post-Closing

This week we wanted to bring to your attention an interesting decision out of the 2nd Department wherein the Court applied the doctrines of Caveat Emptor and Merger in denying a Plaintiffs’ causes of action sounding in fraud and deceit, misrepresentation and breach of contract arising out of a dispute involving the sale of real property in Queens county.  The relevant facts of, as well as a link to, the case are set forth below:

  386 Hits

Assessing Claims for Adverse Possession, and Easements by Necessity and Prescription

This week we wanted to draw your attention to an interesting decision out of the 2nd Department wherein the Court analyzed and rejected Plaintiff’s claims for Adverse Possession and Easements by Necessity and Prescription.
The relevant facts of, and a link to, the case are set forth below.

  405 Hits

Home Abstract Corp.

8225 3rd Ave, Brooklyn, NY 11209
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (718) 680-4663
Fax: (718) 680-4668

8225 3rd Ave, Brooklyn, NY 11209
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (718) 680-4663
Fax: (718) 680-4668

Join Our Newsletter


Home Abstract Corp. has placed the information on this website as a service to the general public. Use of this website and the information contained thereon does not in any manner constitute legal advice from Home Abstract Corp. to the user.  Nothing herein shall serve to create an attorney/client relationship between Home Abstract Corp. and the user.   While the information on this site may concern legal issues, it is not intended as legal advice or as a substitute for the particularized advice of your own legal counsel.  Anyone seeking specific legal advice or assistance concerning the information available on this website should retain their own attorney for such legal counsel.

This website could include inaccuracies or typographical errors. The materials on this website are not guaranteed to be correct, complete, or up‐to‐date after the date of posting.  The articles and information on this website are provided AS-IS; without warranty of any kind, either express or implied.

Each individual document published by Home Abstract Corp. on this website may contain other proprietary notices and copyright information relating to that specific document.  Home Abstract Corp. hereby authorizes you to view, store, print and copy any pages within this website solely for your personal information and use and not for resale, re-publication, or further on-line or mass distribution.   In consideration of this authorization, you agree that (a) any copy of the information or documents which you make shall retain all copyright and other proprietary notices contained herein and (b) nothing on this website shall be reproduced, sold, or distributed to third parties on-line or by mass mailing without the express written consent of Home Abstract Corp.

Some links within the Home Abstract Corp. website may lead to other sites that we believe may be useful or informative.  The Home Abstract Corp. website does not incorporate any materials appearing in such linked sites by reference. These links to third party sites or information are not intended as, and should not be interpreted by you as, constituting or implying our endorsement, sponsorship, or recommendation of the third-party information, products, or services found there. We do not maintain or control these sites and accordingly make no guarantee concerning the accuracy, reliability, or currency of the information found thereon.

© Home Abstract Corp. All rights reserved. Powered by