Solid gains in home values mean more homeowners could face a hefty tax when they sell. Keeping track of home improvement costs could help defray that tax.

By:  Robert Neubecker June 5th, 2015 The New York Times A tax time bomb is ticking for an increasing number of people who have been lucky enough to see big gains in the values of their homes.  This is especially true in and around cities like New York, Los Angeles, San Francisco, Boston and San Diego, where home prices have increased smartly ...

Post-Sandy threat: Big insurance cost surge

Written by Katie Zezima and Meghan Barr TOMS RIVER, N.J. — George Kasimos has almost finished repairing flood damage to his waterfront home, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New Jersey and New York, his life is in limbo as he waits to see if tough new coastal rebuilding ...

How to file a claim on your apartment insurance – the right way

Sponsored by Gotham Brokerage Co., Inc. To maximize your settlement amount and make the process as painless as possible, Schneider offers these eight tips. 1.  Decide whether to file a claim in the first place 2.  Report it promptly 3.  Wait until the claims adjuster gets there—if you can 3.  Gather documents to back up your claim 4.  Start ...

Graham Matthews says recent and significant changes in house insurance will have a big impact on homeowners

At the end of April the rules regulating how domestic home insurance policies are calculated changed. Previously, most policies were based on the size of the dwelling, but from the 28th of April, the policies of major home insurers changed, so that the sum insured is now based on how much the property would cost to re-build. This will mean potential ...

5 Smart Ways to Save on Your Home Insurance

by Thomas Zuo Everyone loves saving money and when it comes insurance, it should be no different than any other purchase. Of course, insurance companies don’t usually have coupons you can clip from your Sunday newspaper so you’ll have to do a little more research and digging to make sure you’re finding all the discounts. Below are a few tips ...

U.S. Cracks Down on ‘Forced’ Insurance

By ALAN ZIBEL And LESLIE SCISM WASHINGTON—A U.S. housing regulator is cracking down on a little-known practice that has hit millions of struggling borrowers with high-price homeowners’ insurance policies arranged by banks that benefit from the costly coverage. The Federal Housing Finance Agency, which regulates mortgage giants Fannie MaeFNMA ...

Risky Business: 66% of Renters Don’t Have Insurance

by Kate Rogers Two-thirds of American renters are taking a major risk when it comes to their  belongings. A new survey from  InsuranceQuotes.com finds only 34% of American who rent their homes or  apartments have renters insurance, meaning many renters are taking a big gamble  with their personal items if their place is broken into or damaged. Cost ...

NEW Corporate Offices May Not Include…Offices!

Office space is changing.  That is for sure.  In the last two years I have worked with three Fortune 500companies that have cut their existing offices spaces by more than 50% (without cutting employees). Hard walls are out.  Cubes are in. There are reasons for this: 1. In the three cases stated above the offices were built when the market/economy ...

New Use for an Old Tool: Collecting Rent With an Account Stated, New York Law Journal

By Adam Leitman Bailey, Dov Treiman and Jennifer Beyer At least since Abraham and Lot’s shepherds parted ways over a land grazing dispute,1 Western Civilization’s literature has been full of accounts of monetary and property disputes. Litigators across the United States have produced some astounding excuses from debts. Debt avoidance probably burgeoned ...

Pitfalls for Buyers: Careful Drafting, Detailed Inquiries Minimize Risk, New York Law Journal

By Adam Leitman Bailey and Dov Treiman Recent case law demonstrates that buyers of residential property with rent-regulated units have been blind-sided by financial risks arising from their attorneys’ ignorance of rent regulatory laws. Although many of these cases go unreported, the recent decision of Newport Partners v. DHCR,1 is typical of the hazards ...