May 12, 2026
Advantage News
Latest information from Advantage Foreclosure
June 9, 2023
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, […]
May 2, 2023
From time to time, not all the record owners of a property were a party to the mortgage. In most situations, one of the parties is deceased, whereby the surviving owner takes out the mortgage. However, what happens when both […]
April 4, 2023
When a Complaint is drafted, it must be done with precise intent. All of the required allegations as required by the RPAPL and CPLR must be recited in order to avoid title concerns upon a third party. If there are […]
February 28, 2023
Lenders and borrowers continually enter into Loan Modification Agreements (hereinafter “Modification”) in order to resolve the pending foreclosure and put the parties back in good standing. This Modification usually works in the form of a single instrument, as opposed to […]
October 3, 2022
At the end of 2021, the Appellate Court issued a decision in Bank of America, N.A. v. Kessler, 2021 NY Slip Op 06979 (2nd Dept. 2021) whereby the Court dismissed an action for failing to comply with RPAPL §1304, a condition precedent […]
July 27, 2022
At the end of 2021, the Appellate Court issued a decision in Bank of America, N.A. v. Kessler, 2021 NY Slip Op 06979 (2nd Dept. 2021) whereby the Court dismissed an action for failing to comply with RPAPL §1304. RPAPL […]
July 13, 2021
Relocation liens Without much fanfare, New York City has amended the Administrative Code to give Relocation Liens super lien status. Relocation Liens are codified under §26-305 of the New York City Administrative Code, and by statute, were treated like a […]
February 9, 2021
As we are approaching year one of the pandemic, I am issuing this bulletin to keep everyone apprised of the current situation accompanied by information on pending bills in the New York State Legislature. Federal Moratoriums: Fannie Mae/Freddie Mac – […]