In the News

Yield Spread Premiums: Valid lender payments or fees that Violate RESPA?

Insider Outlook

The Federal Real Estate Procedures act (RESPA) was enacted, in part, to outline for borrowers the closing costs associated with the financing and purchase of a residential home.

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Without Rhyme or Reason

The Cooperator

The age-old battle between applicants and co-op and condominium boards can sometimes seem like a cunning chess match in which the prospective buyers are pawns awaiting to be knighted with the stamp of approval before they are allowed to move into their brand new castle.

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We The People: Shareholder Rights and Responsibilities

The Cooperator

When cooperators elect their board of directors, and condo owners elect their community association or boards of managers, they do so in the expectation that these boards will represent their interests.

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Title Insurance for Co-op Buyers

The New York Times

House or condominium buyers almost always purchase title insurance to protect themselves and their lenders in the event of a claim that impairs their title to the property.

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Steering Clear of Title Trouble

Business Weekly

When stage great Helen Hayes died in 1993, her son, James MacArthur, inherited her Victorian mansion overlooking the Hudson River in Nyack, N.Y.

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The Rights of Succession

The Cooperator

It is not uncommon for a previous commodity such as season tickets to the Yankees, Giants or Knicks to be handed down from father to son or from grandfather to grandson. So in today’s marketplace, it’s easy to see why an apartment owner would want their exclusive Manhattan real estate to be passed down from generation to generation.

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Refinance of 37 East

Real Estate Weekly

First Funding arranged a new underlying first mortgage loan of $175,000 for 37 East 83rd Street, a five-story brownstone apartment building just off Madison Avenue on the Upper East Side of Manhattan.

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Red Flags in a Co-op’s Statement

The New York Times

The economics of buying a house are fairly simple: You add up the cost of routine expenses — mortgage, taxes, insurance, utilities and maintenance — and then factor in how much it will cost to replace things like the roof or heating system when necessary.

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Offering Plan and Disclosures

The New York Times

Q: Our co-op was originally part of a commercial building next door. The fire escape for the commercial building is attached to the wall of our building.

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Obtaining Loans Through the SBA

Small Business Controller

How do new or small businesses obtain a long-term commercial loan in a time when there is both a tough banking climate and business environment?

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