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July 2016 Archives

Justice Department lawsuit targets New York real estate holdings

It's no secret that New York City commercial real estate attracts investors from all over the world. Now, a number of real estate acquisitions by a Malaysian businessman and a film producer, both with ties to that country's prime minister, have been linked to a huge money laundering scheme, according to the U.S. Department of Justice.

What are the options for resolving real estate disputes?

When real estate deals go awry, there are several options for resolving disputes. Dispute Resolution Systems is used to settle disputes without going to court. It is often a cost-effective and faster resolution than going to court.

Shopping for your dream home? Keep these three risks in mind.

Purchasing residential real estate is an investment. This is true even when you plan to use the property as your dream home. As a result, it is wise to look at the transaction as an investment. When making an investment, it is important to review both the risks and benefits of the purchase. When it comes to purchasing residential real estate, three of the most common risks to assess include:

How do you determine if a short sale is right for you?

A short sale may be a viable alternative for homeowners who are facing foreclosure. It essentially involves homeowners selling their home themselves rather than having the lender take it over or declaring bankruptcy. However, they sell it for less than the amount they owe on their mortgage.

Landlord-tenant contracts in New York

When hundreds of thousands of dollars are at stake, the phrase "going over it with a fine-toothed comb" takes on an entirely different meaning. It is absolutely necessary to ensure that every detail of a large commercial real estate contract is tended to. This is how landlords and tenants avoid costly litigation and legal disagreements -- they make sure their contracts are clear.

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