Bidder sues successful buyer of property claiming that it was the rightful owner of property and actual buyer should have known about filed lawsuit. Adam Leitman Bailey, P.C.’s client was a small family company that, after saving for years, purchased a small multi-family King’s County apartment building in order to supplement their income. Their former counsel Full Article…
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Adam Leitman Bailey, P.C. Defeats Statute of Limitations Argument in Foreclosure Action Using Recent Court of Appeals Precedent
Adam Leitman Bailey, P.C. was retained by the note owner to take over its representation in a problematic foreclosure action. This particular loan was the subject of two prior foreclosure actions in addition to the instant action. The borrower argued that the loan was time barred by the statute of limitations because the first action was Full Article…
Adam Leitman Bailey, P.C. Secures Settlement for Lender Following Stalled Negotiations
Although a lender may successfully obtain a Judgment of Foreclosure and Sale in a foreclosure proceeding, oftentimes a lender must additionally defend its rights in a Borrower’s subsequent Bankruptcy proceeding where the Borrower is hoping to avoid the foreclosure auction. In a recent case, Adam Leitman Bailey, P.C. (ALBPC) was retained to step in as Full Article…
Bet The Skyscraper Negotiation
Between Covid-19 and the government’s shut down of the City of New York and its real estate, the disaster that hit New York had never been replicated before. For the skyscraper that is the subject of this case study, almost 50 percent of the commercial tenants stopped paying rent or completely moved out of the Full Article…
Moving into a Boutique Law Firm with Adam Leitman Bailey
You don’t need to be big to pack a punch in BigLaw. Associates at Adam Leitman Bailey tell us what it’s like to work at a boutique law firm. “And though she be but little, she is fierce.” You might be thinking about Hermia in Shakespeare’s A Midsummer Night’s Dream. But we’re thinking about boutique Full Article…
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