CRE Insider Blog
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Religious Corporations Not Authorized To Mortgage

By Mike Berey on June 12, 2019

 

 

A church in East Harlem filed a petition seeking court approval for a mortgage on its house of worship, which was its sole asset, under Not-for-Profit Corporation Law Sections 510 (“Disposition of all or substantially all assets”) and 511 (“Petition for court approval”) and Religious Corporations Law (“RCL”) Section 12 (“Sale, mortgage and...

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Topics: Mortgages, New York Mortgage Tax

No Common Law Easement For Light And Air In New York

By Mike Berey on June 5, 2019

The Plaintiff owned two adjoining units on the 16th floor of the Essex House Condominium. The Defendant owned two units on the 15th floor, directly below the Plaintiff’s units. The Board of Directors of the Condominium, also a Defendant, authorized the Defendant to replace a greenhouse on a terrace which is part of one of the Plaintiff’s units....

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Title Boot Camp 3 Replay - The Closing Process

By Tanisha Quilter on April 29, 2019

  A replay of the third installment of our Title Boot Camp webinar series - The Closing Process - is available.

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First American Announces First Quarter 2019 Earnings Conference Call

By Tanisha Quilter on April 19, 2019

First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced that it will host a conference call on Thursday, April 25, 2019, at 11 a.m. EDT.

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Notice Of Pendency Not Properly Filed By Adjoining Owners

By Mike Berey on February 27, 2019

The Supreme Court, Suffolk County, granted the application the Petitioner had submitted to the Town of East Hampton’s Zoning Board for approval of a subdivision map and directed the Zoning Board to grant final approval. Intervenors opposed the application, filed a notice of pendency against the subject property, and moved for a corrected...

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Topics: Commercial Real Estate

Mortgage Foreclosures / Appointing An Administrator For A Deceased Mortgagor

By Mike Berey on February 5, 2019

The Defendant-mortgagor died in 2009; a mortgage foreclosure was commenced in 2016. No representative was substituted for the decedent in the foreclosure. The foreclosing Plaintiff’s motion to vacate the foreclosure sale, the Order of Reference and the notice of pendency was granted by the Supreme Court, Queens County, which also vacated all...

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Topics: foreclosure

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