Underwriting Alert: Suffolk County Clerk’s Office PLEASE DISTRIBUTE TO OTHER KEY PERSONNEL WITHIN YOUR ORGANIZATION To: All New York AgentsFrom: Agency OperationsDate: October 12, 2023Alert: NYA23-018RE: Suffolk County Clerk’s Office The following information has been received from Suffolk County with regard to recordings and land records search access. There is a typographical error contained in… Continue reading Underwriting Alert: Suffolk County Clerk’s Office
Beware of Wire Fraud Before a Holiday Weekend Imagine saving for years to buy a home. After a long search, you find the perfect property, make an offer and it’s accepted. As closing day draws near, you receive an urgent email from someone who purports to be your closing agent/attorney containing pre-closing instructions. You open… Continue reading Beware of Wire Fraud Before a Holiday Weekend
New York State Transfer Tax Form TP584 Calculations Effective July 1, 2021, the base tax and additional base tax may not be paid directly or indirectly by the grantee (buyer) except as provided in a contract between the grantor (seller) and the buyer. However, if the buyer pays those taxes because the seller failed to… Continue reading New York State Transfer Tax Form TP584 Calculations
Small Business Resources Boost Nassau Small Business COVID-19 Recovery Loan Program part of the New York Forward Loan Fund Website: https://www.boostnassau.net/ SERVICES: Small Business Financing targeting NYS small businesses with 20 or fewer full-time equivalent (FTE) employees, nonprofits and small residential landlords that have seen sharp reduction in rental income. U.S. Small Business Administration Branch… Continue reading Small Business Resources
What is Title Insurance and How Does It Work? To put it simply, title insurance is a way to protect yourself from financial loss and related legal expenses in the event there is a defect in title to your property that is covered by the policy. Title insurance differs from other types of insurance in… Continue reading What is Title Insurance and How Does It Work?
Open — but paid off — Mortgages By Shari Lee Sugarman As we continue our conversation this month on some things to look out for when selling or purchasing a home, I am going to discuss old mortgages that show up on your title report and how they might affect the sale. Chances are, when… Continue reading Open — but paid off — Mortgages