Underwriting Guidance: Transfer on Death Deed – October 24, 2024
Real Property Law (RPL) Section 424 became effective on July 19, 2024, authorizing the use of a Transfer on Death Deed (TODD) in New York […]
Bulletins
Preparing for FinCEN’s Residential Real Estate Reporting Rule in New York – October 17, 2025
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has announced that its new Residential Real Estate Reporting Rule will now take effect on March 1, 2026, rather than […]
Increase in New Jersey Mansion Tax – Effective July 10, 2025
As part of the recently signed 2026 New Jersey State Budget, significant changes have been made to the NJ “Mansion Tax.” These changes take effect […]
Important Changes to NYS Tax Warrant Filings Effective July 1, 2025
Effective July 1, 2025, all tax warrants and warrant-related records (e.g., satisfactions) issued by the NYS Department of Taxation & Finance (the “Department”) will be filed […]
From Vacancy to Vibrancy: Empire State Development’s Vision for Long Island Housing – May 28th, 2025
Farrell Fritz Long Island Land Use and Zoning Blog In an effort to increase our value to our clients and prospects, Abstracts, Incorporated is pleased […]
Get Ahead of Lead – May 23rd, 2025
In New York City, buildings built before 1960 (or before 1978 if lead is known to be present) are presumed to have lead-based paint. Property […]
Answers to the Most Frequently Asked Questions About Notice of Recorded Document in New York City – May 2, 2025
The “Notice of Recorded Document” is a program that allows property owners and other authorized individuals to receive alerts when deeds, mortgages, or related documents […]
Industrial Development Agencies and Authorities
In New York, industrial development agencies (IDAs) are one means used to provide tax incentives to businesses. An IDA is a public benefit corporation governed […]
What is an Assumable Mortgage?
What is an Assumable Mortgage? In the current market value where interest rates due higher than they have been in the past few years. An […]
Common Problems Turned Up By Title Reports
When it comes to purchasing a home, there can come the possibility of arising issues in the property title. Unforeseen title issues can become a […]