FHA sets new rules for reverse mortgages

Fixed-rate program eliminated — making reverse mortgages less risky for government, less lucrative for homeowners You’ve probably seen the reverse mortgage pitchmen at work on your TV screen — former

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Religious Conversions

As congregations shrink, more churches are selling properties to residential developers. High ceilings and stained glass create ambience, but aging buildings make going from God’s house to townhouse a challenge.

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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:

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

Commercial leasing litigation has become an art form and in states like New York, attorneys have, as a result of technicalities, suffered non-paying tenants remaining in possession for years.2 Against that background, two New York seated courts have refurbished an old weapon for property owners to use in their battles against commercial tenants unjustifiably failing to pay rent.

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

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 uninformed transactional attorneys can create for their clients.

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Power Is On, but Some Still Shiver

As electricity returned on Wednesday for every New York City public-housing resident, another dangerous impact from superstorm Sandy lingered: More than 15,000 of those residents have no heat with a cold snap descending on the region.

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5 Great Tips for Buying a Home

With great opportunities abounding in the housing market and historically-low interest rates still intact, consumers can secure record-breaking values on a home purchase, according to New York-based real estate attorney Adam Leitman Bailey.

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The Most Influential Commercial Lease Cases in the Last Century that Every Drafter and Litigator Must Know, New York Real Property Law Journal

For almost two years, the attorneys at Adam Leitman Bailey, P.C have been compiling a list of the greatest commercial leasing cases of all time. The authors have always been fans “greatest” lists—there being something special about choosing the best among so many great people, entertainers, athletes, composers, or, in our case, cases that have had the greatest effect on leasing law

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