Monthly Archives: March 2011

Legal Update: Flip Taxes and Fannie Mae / Freddie Mac

Residential Real Estate Lawyer Legal Update Flip Tax

Sometimes government’s attempt to resolve problems unintentionally overreaches, and has an unintended impact.  That is the case with a recent round of proposed rule-making from the Federal Housing Finance Agency (the regulators of Fannie, Freddie, and 12 other Federal Home Loan Banks).  FHFA was trying to redress abuses by unscrupulous developers (imagine that) who were building and …


New York State Tax Department and the Second Home

Residential Real Estate Lawyer New York State Income Tax

So unless you have been on a desert island for the last week with no internet access, you have likely heard about the case involving the Connecticut couple that just lost a tax appeal to the tune of about $1 million in back taxes, interest and penalties.  The case hinged around a second home they …


Welcome to the Building! Please Get Rid of Your Dog!

Residential Real Estate Lawyer Legal Tips Pet House

I had a client call me in tears a few years ago relating the following story. She and her husband decided to adopt a dog from a shelter. Her building had a policy that permitted dogs, but restricted them to a 30 lb. weight limit. Not entirely uncommon in our region to have such a …