What is a CEMA loan, and how can it reduce my mortgage recording tax?

… common CEMA is offered to those who are refinancing their mortgage In some unique cases it is also available to … two said Miguel Lopez an attorney who works with National Cooperative Bank Editors note A previous version of this … a principal balance of $100000 on your mortgage and then refinance with a new lender for a mortgage of $200000 you …

By Evelyn Battaglia |June 18, 2026 - 9:30AM
What is a pied-à-terre? What makes it different from a typical NYC apartment?

… School of Public Service at NYU and a former New York City finance commissioner who has examined the citys data on … contingent of people based in the tristate area who need a place periodically when going to the office Barone added  … … whose owner is not entitled to a resident tax credit  These apartments are also referred to as second homes Not every …

By Evelyn Battaglia |March 5, 2026 - 10:30AM
What’s a condop? What do I need to know about buying there?

… percent the shareholders couldnt take advantage of certain homeowner tax deductions To fix that owners and developers … including common hallways or laundry rooms What to know about buying or selling a condop in NYC Multiple boards add … seeing enough homes for sale in your price range or target neighborhoodandor youd like to avoid a bidding war consider …

By Evelyn Battaglia |May 6, 2025 - 10:30AM
What is a mortgage recording tax? Are there ways to reduce it?

… Buying a coop condo or house in New York City means you can expect to … a lien search for a coop andif you are using financinga mortgage recording tax  The reason you pay the mortgage … Margolis Bergson Its also a tax you will have to pay if you refinance However there are ways to save on the mortgage

By Brick Underground |February 18, 2025 - 12:30PM
What is a rent-impairing violation for a NYC apartment?

Rentimpairing violations are conditions in your apartment … If your landlord fails to fix a rentimpairing violation for more than six months they are barred from collecting rent under the Multiple Dwelling Law Landlords who need approval from the HPD before making …

By Celia Young |January 3, 2025 - 1:30PM