By Adam Leitman Bailey, Leonard Ritz and Dov Treiman Jan. 15, 2013 — In the aftermath of superstorm Sandy, many condo and co-op board members have been facing unprecedented challenges, with little experience to guide them. In the first of two installments today, three leading attorneys answer eight questions at the top of every affected board Full Article…
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Adam Leitman Bailey, P.C. Protects Mortgage Security for JPMorgan Chase Bank, N.A.
Adam Leitman Bailey, P.C. successfully protected JPMorgan Chase Bank, N.A.’s (“Chase”) security interest in a condominium unit on Lorimer Street in Brooklyn by tracking down the seemingly lost original mortgage, along with the original underlying deed and transfer documents, and successfully ensuring the expedited recordation of all. On December 21, 2011, the original documents were Full Article…
Adam Leitman Bailey, P.C. Resolves Credit Report Mix Up at the Closing Table
Adam Leitman Bailey, P.C. recently represented a lender on a residential mortgage refinance where the borrower had an extremely common first and last name. The borrower was 82 years old and desperately needed to refinance for a lower rate. On the day of closing a last minute condition was sent by an underwriter for the Full Article…
The Metamorphosis of the Environmental Control Board
By Adam Leitman Bailey and Dov Treiman When coauthor of this article (Bailey) learned how to conduct real estate trials as a young lawyer in Supreme and Civil Courts, the Environmental Control Board (ECB) was where he spread his wings as a trial attorney. While other practitioners joked that the place was a kangaroo court Full Article…
You Can Fight City Hall: Battling for Public Projects
By Adam Leitman Bailey and Dov Treiman According to an ancient truism, “you can’t fight city hall.” In the old days, that was true. Particularly when it came to public works projects, if the city wanted to do it, there was no one to say “no,” except at the ballot box, when it was generally Full Article…
Use Six Arguments to Beat Sanitation Violations
One big headache for many owners is getting hit with violations from the city’s Department of Sanitation (DOS). These violations include not keeping the sidewalk in front of your building clean, not sweeping 18 inches into the street, and not properly maintaining garbage receptacles. And now that DOS has raised the minimum base fine for Full Article…
Some Buyers Regret Not Asking: Anyone Die Here? The New York Times
By Stephanie Rosenbloom …Just as in New York, sellers in New Jersey are not required to tell buyers about a death on a property, or a rumor of a haunted house. “If it doesn’t harm the property, under no circumstances do you have to report it,” said Adam Leitman Bailey, who practices real estate law Full Article…
Q & A: When a Super Is a Requirement, The New York Times
By Adam Leitman Bailey Q. Is there a New York City law that a co-op building must have a specific number of units to necessitate a live-in superintendent?
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