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Monthly Archives: July 2022

RE3

When And When Not To Put Real Property In Your Children’s Names

By Cavallo & Cavallo |

A common myth is that when we get older, we should transfer title of our home and other real property to our children. The stated goals of this transfer are to obtain eligibility for Medicaid, avoid estate taxes, and simplify the eventual transfer by avoiding probate. In reality, these goals can usually be met… Read More »

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ShortSale

5 Things To Know About Foreclosure Short Sales In New York

By Cavallo & Cavallo |

Short sales are a frequently used tool to benefit both a homeowner/borrower and the bank holding a lien on real property. The outcome of a short sale usually benefits both parties, and can benefit potential buyers as well. Whether you are a potential seller or buyer, there are important things to know about the… Read More »

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LandTenant

What To Do When A Commercial Tenant Stops Paying Rent

By Cavallo & Cavallo |

A commercial lease is a contract between the property’s owner (the landlord, or “lessor”) and the business operator seeking to rent space for commercial use (the tenant, or “lessee”). The lease details all obligations that both parties have as part of the agreement. For example, a lessor is required to maintain the property, respond… Read More »

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HouseGavel

Mistakes To Avoid When Purchasing Property In New York

By Cavallo & Cavallo |

Purchasing real estate can be one of the biggest events of a homebuyer’s life, and is usually one one the most important – if not the single biggest – purchases they will ever make. The process can be exhilarating but is fraught with potential complications, however. Some common errors that homebuyers may make while… Read More »

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