The New Tax Law and NYC Real Estate

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The new tax bill approved by the House and Senate and signed into law this year presents a world of unknowns for the real estate market going into 2018. There is (a) one major piece of the legislation that will directly make the ownership of most NYC real estate more expensive (the lowering of the […]

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CEMA

Mortgage Assignments and the CEMA (Consolidation, Extension and Modification Agreement)

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Mortgage Assignments and the CEMA (Consolidation, Extension and Modification Agreement) Homebuyers in NYC have grown accustomed to absurdly high sale prices and an unusually long and oftentimes puzzlingly complicated process to get from contract to closing.  They also have to deal with some of the highest closing costs in the country, including the so-called “Mansion […]

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