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People looking for a good deal on a property may consider buying a pre-foreclosure home. Although housing prices have dropped for the first time in years, a home in pre-foreclosure typically means getting at below market price. Prior to offering a deal, the following...

Closing the deal on a commercial real estate property can be a huge step forward for your business. There are exciting opportunities ahead, but you should not let that blind you to the necessity of carefully checking over a lease before signing it. There are a number...

Before making a significant investment and purchasing a property, the seller needs to review the title report for any potential issues. One must address these title impediments before closing on the property to ensure that the buyer gets a clear title. Knowing what...

Purchasing a New York home is an exciting adventure and is cause for celebration, but be careful about the decisions you make between now and closing. Here are four mistakes to avoid when closing on a residential property. 1. Spending too much If your home purchase is...

In commercial real estate, a written lease specifies terms that apply to the landlord and the tenant. Leases regulate the relationship between the property owner and the renter and can help resolve disputes. If you own a commercial property, it is important to...

Real estate negotiations are long and cumbersome, involving banks, insurance companies, title processors and government regulators. It pays to be aware of all the possible risks, especially those at the very end of the process. 1. Bank disbursement falls through Your...

Sometimes unforeseen circumstances make it difficult to continue paying a mortgage. While many fear foreclosure is the only option, some lenders may approve a short sale. A short sale allows owners to sell their homes for less than they owe. These situations may arise...

Commercial leases contain clauses and addendums in place to protect the landlord and the tenant. As a lessee, it is important for you to understand what you sign and how it can affect your business. 1. A no-limit real estate tax clause A real estate tax clause is...

When it becomes necessary to evict a tenant, landlords must follow the letter of the law. Eviction is a lengthy and unpleasant process for all involved, and avoiding common mistakes throughout the proceedings can save everyone a lot of headaches. New York eviction law...

Perhaps you are a successful commercial landlord, and you are looking at the possibility of becoming a residential landlord. There are certain similarities between residential and commercial leases, but which type of landlord must adhere to stricter laws? Requesting...