Adam Leitman Bailey Articles

Adam Leitman Bailey Articles

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Tag Archives: Insurance

Calls for State Insurance Threaten Property Transfers

  • Adam Leitman Bailey, Insurance Defense Litigation, Mortgage Finance Practice Group

By Adam Leitman Bailey and Dov Treiman Currently before the State Legislature are two bills, each jointly introduced in both houses, that would inject the state in the business of title insurance, damaging New York’s standing as the capital of real estate transactions. One would broaden the power of the State Insurance Fund to provide  Full Article…

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Calls for State Insurance Threaten Property Transfers

  • Adam Leitman Bailey, Insurance Defense Litigation

BY ADAM LEITMAN BAILEY AND DOV TREIMAN Currently before the State Legislature are two bills, each jointly introduced in both houses, that would inject the state in the business of title insurance, damaging New York’s standing as the capital of real estate transactions. One would broaden the power of the State Insurance Fund to provide  Full Article…

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Despite ‘Jones,’ Ambiguities In Title Chain Can Be Cured

  • Adam Leitman Bailey, Foreclosure Litigation Group, Insurance Defense Litigation, Purchase and Sale of Multi-Family Dwellings and Buildings, Real Estate Litigation, Title Insurance Claims Group

By Adam Leitman Bailey and Dov Treiman When the Supreme Court decided Jones v. Flowers,1 it exacerbated a nagging problem for the title insurance industry – the necessity to do constitutional analysis when examining chains of title. With the current state of the economy, tax foreclosures are increasing. Thus, more properties have these ambiguities in  Full Article…

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Q&A: Insurance Coverage for Unofficial Sublet, The New York Times

  • Q & A

By Jay Romano Q. I am unofficially subletting an apartment in Brooklyn. I pay the person whose name is on the lease, who lives in another state. We have not written up any official sublease, and I am guessing the management company doesn’t know I am here and wouldn’t approve of the arrangement. Will renter’s  Full Article…

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Why Do I Have to Buy Title Insurance When Purchasing Property? Ask Super Lawyers

  • Adam Leitman Bailey, Q & A

By Adam Leitman Bailey Q. Why do I have to buy title insurance when purchasing a property? A. Although attorneys will insist you purchase title insurance, and lenders won’t issue a mortgage without it, such a purchase is not required by law. Title insurance has the primary function of insuring owners in the event of  Full Article…

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Negotiating Laundry Room Contracts, The Cooperator

  • Condominium & Cooperative Representation

By Adam Leitman Bailey and Dov Treiman It’s amazing how good building owners and managers are at increasing and garnering revenue from residential tenants while at the same time leaving themselves to the will and whim of laundry room operators who impose contracts lasting for decades with automatic renewals, rights of first refusal and other  Full Article…

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