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Real Estate Closings, Steve Taitz

There’s an old saying that anyone can sue anyone for anything, but there’s no guaranty that he’ll win. Case in point: eight neighbors who live in a community governed by a homeowners association. Neighbor A learned that neighbors B, C, D, E, F, G & H have finished...

Are the Deadlines in Your Real Estate Contract Absolute?

A typical residential real estate contract of sale calls for a closing of the sale to be held “on or about” a given date. The “on or about” language is generally construed to mean within a reasonable time (or within approximately thirty days of the stated date)....

Avoid Hiccups at Refinance Closings

This past year saw the residential sale market to be fairly slow, but refinancing has been hot. With the popularity of the Home Affordable Refinance Program (HARP), some of you may have already found yourself taking advantage of today’s low interest rates, while many...

Taroff & Taitz Welcomes David Welch

Prior to joining Taroff & Taitz, David was with a small firm in Nassau County and operated his own practice in Melville, New York. David’s primary practice area has concerned compliance with United States tax law regarding unreported foreign accounts/assets and...

I Won the Lottery, Now What?

Lottery winnings are generally paid over a 20-year period. Winners pay income taxes on the receipt of these proceeds and life goes on. What happens if the lottery winner does before collecting the 20 years worth of payments? The remaining payments are subject to...
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