Knowledge Library

LLCs and Privacy: The end of the dance?

Limited liability companies—LLCs—are ubiquitous in New York real estate.  But a change last week is causing serious ripples in the use of LLCs: circumscribing and possibly eliminating their use as a privacy shield for real estate transactions.  This newsletter will outline the changes, potential strategies...

A Step-by-Step Guide to NYC-RPT eTax and Cover Page creation in ACRIS

1. When selecting a party type on the ACRIS eTax RPTT Grantor and Grantee tabs, a new choice of Multiple Member LLC displays. 2. When Multiple Member LLC is selected as a party type on the eTax RPTT Grantor and Grantee tabs, the following text displays: Please...

Does your LinkedIn Profile violate legal ethics rules? (And how to be sure it doesn’t)

You are almost certainly one of the 119 million Americans on LinkedIn.  (If you are not, you probably should be.)  But if you are also a New York attorney, a new ethics opinion released last month means your LinkedIn profile could put you at risk...

Complying with the new TILA-RESPA Integrated Disclosure Rule

In less than five months, the mortgage, real estate, and legal industries face the largest change in federal mortgage disclosure requirements in more than 30 years.  On August 1, the forms that have become second nature for generations of loan originators, attorneys and borrowers—including the...

Guest Column: Financing Clean Energy Real Estate Projects

New York City Energy Efficiency Corporation: Providing Loans for Clean Energy Projects By Fred Lee, Guest Columnist New York City Energy Efficiency Corporation (NYCEEC) is a non-profit specialty finance company that provides financing solutions for clean energy projects that save energy or reduce greenhouse gases.  NYCEEC’s team...

Getting a Mortgage Tax Refund

With tax season upon us, we want to share an often-overlooked—but valuable—tax credit.  (Who said that we only save you money on title insurance?)  But you should act quickly—before you file your 2014 taxes—to get a refund of a portion of the mortgage recording taxes...