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Advantage News

Latest information from Advantage Foreclosure
September 16, 2026

New York City’s Pied-à-Terre Law: What Owners of Second Homes Need to Know

New York City’s Pied-à-Terre Law: What Owners of Second Homes Need to Know New York City has enacted a new annual surcharge on certain high-value residential properties that are not used as a primary residence. Commonly called the “pied-à-terre tax,” […]
July 17, 2026

Pung v. Isabella County: A Supreme Court Ruling That Redefines Compensation in Tax Foreclosure Cases

Pung v. Isabella County: A Supreme Court Ruling That Redefines Compensation in Tax Foreclosure Cases In Pung v. Isabella County, Michigan, the U.S. Supreme Court addressed a significant constitutional question concerning government tax foreclosures: When a government seizes and sells […]
June 9, 2023

INDUSTRY BULLETIN 2023-AF04 – PRIORITY OF COMMON CHARGE LIEN

In general, a lien for common charges is subordinate to a first position mortgage.  However, in certain situations this will not be the case.  A recent court decision discussed this issue. In Wilmington Trust , N.A. v. Elmwood NYT Owner, LLC, […]