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

… you avoid paying the entire mortgage recording tax on a home loan It involves assigning a mortgage from one lender … townhouse but not a coop In NYC the mortgage recording tax rate is 18 percent for mortgages under $500000 and 1925 … the transfer taxes paying taxes on the sales price of the home minus the remaining mortgage debt transferred to the …

By Evelyn Battaglia |March 25, 2025 - 9:30AM
Mayor Adams is bringing the tax lien sale back. Here’s how to get your property off the list

… the collection of unpaid property taxes and other housing bills The sale enables owners debts to be sold to … today yet still impact New York Citys most vulnerable homeowners Pro Tip Pro Tip Want to see the public records of … and lowerincome communities A report by the Coalition for Affordable Homes found nearly twothirds of the lien sales …

By Jennifer White Karp |March 24, 2025 - 9:30AM
The buyer's and seller's guide to NYC closing costs

… and may affect your decision to choose one apartment over another So its crucial to understand the big picture before … a building with a hefty tax abatementor ask for a closing credit Or buy an almost new first resale condo to avoid … lower the cost of your monthlies for years to come Check out Why a tax abatement should be on your condo or …

By Evelyn Battaglia |January 6, 2025 - 10:00AM