CRE Insider Blog
Welcome to the Commercial Real Estate Insider, insights from First American's real estate experts.

Remote Online Notarization And Remote Ink Notarization In New York State

By Mike Berey on March 22, 2022

Governor Cuomo’s Executive Order 202.7 signed on March 19, 2020 authorized notaries public to officiate documents remotely using what is known as Remote Ink Notarization (“RIN”). RIN allows a person seeking a notary’s services, using audiovisual technology, to ink-sign a document signed at a location different from the notary. The ink-sign...

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Topics: Notarization new york state remote online

Statute Of Limitations And A Mortgagee In Possession

By Mike Berey on March 3, 2022

For a foreclosure commenced in 2010 the Plaintiff elected to call due to the entire amount secured by the mortgage. That action was dismissed in 2012. In 2016, Plaintiff brought an action under New York’s Real Property Actions and Proceedings Law Article 15 (“Action to compel the determination of a claim to real property”) to have the mortgage...

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Topics: Mortgages statue of limitations

Recognizing And Preventing Workplace Burnout

By Alex Weber on January 26, 2022

Irrespective of industry, pay grade, or job title, burnout continues to increase in the workplace. In fact, burnout has reportedly increased 24 percent from 2020, according to a recent study.

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Topics: workplace burnout

Look Odd? Think Fraud.

By First American on December 6, 2021

Preventing wire fraud is an orchestrated effort.

At the end of yet another unprecedented year of change and evolution, the commercial real estate industry continues to thrive. But with so many transactions closing – particularly as we look toward the end of Q4 – continuing to protect our businesses from fraud remains one of our most important...

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Topics: Commercial Real Estate Title Insurance wire fraud

When There's Millions At Stake, It's All Down To The Wire

By First American NCS on November 2, 2021

We don’t just streamline your transaction. We protect it.

Each year, we see more attempts to divert transactional funds directly into fraudsters bank accounts – and every year, these fraudsters get sneakier. In fact, scammers target a third of all title wire transactions, according to ALTA[i], and in 2020 alone, more than $213 million in real...

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Topics: Cybersecurity wire fraud clarityfirst

Ny Statute (2019) Prohibiting Lease Provisions Waiving The Right To Bring A Declaratory Judgment Actions Held Not Retroactive

By Mike Berey on August 18, 2021

As noted by the Supreme Court, Kings County, the issuance of a Yellowstone injunction must be predicated on an action for a declaratory judgment. Leases entered into in 2010 provided that the tenants waived the right to bring declaratory judgment actions with respect to any lease provision or any notice sent pursuant to the leases. Based on that...

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