purchaser | Gonchar Real Estate

CO-OP TITLE INSURANCE

Title insurance has been protecting purchasers from a loss in the event of a claim against real property for over a century. It protects property buyers against defects or problems with ownership of real estate when there is a transfer of real property. If a title dispute arises during or after a sale, the title insurance company may be responsible

SENDING OUT MULTIPLE CONTRACTS OF SALE TO TWO OR MORE PURCHASERS*

© Eric P. Gonchar. All rights reserved. No portion of this article may be reproduced without the expressed written permission of Eric P. Gonchar. Can a seller send out multiple contracts of sale to two or more purchasers when selling an apartment or house? This has been a long standing debated issue in real estate

CO-OP BOARD DENIALS: A GUIDELINE*

© Eric P. Gonchar. All rights reserved. No portion of this article may be reproduced without the expressed written permission of Eric P. Gonchar. Unfortunately, co-op Board discretionary decisions to approve or deny a Purchaser admission in a coop still exists. Purchasers still face denials for admission to coop buildings. There was a time when

FinCEN EXTENDS AND BROADENS REAL ESTATE PURCHASE DISCLOSURES*

© Eric P. Gonchar. All rights reserved. No portion of this article may be reproduced without the expressed written permission of Eric P. Gonchar. The Financial Crimes Enforcement Network (“FinCEN”) is a bureau of the United States Department of Treasury. FinCEN’s mission statement is “to safeguard the financial system from illicit use and combat money