Massapequa Park Real Estate Lawyer, New York, page 2

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Alexander Paykin
About | Practice Areas
The Law Office of Alexander Paykin, P.C.
350 5Th Ave Fl 59 New York, NY 10118Â» view map
Real Estate
Reliable. Dependable. Accessible.

Whether you are buying, selling, renting, or refinancing your house, our experienced legal team will strongly advocate for you at each and every step of the process.

800-747-9261
1. Alexander Paykin New York, NY
  Attorney at Law - NY, 2010
  Yeshiva University J.D. 2006
2. AboutThe Law Office of Alexander Paykin, P.C.
  We are reliable and accessible
3. Practice AreasSpecializations
  Real Estate
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Elaine Reckner Sammon

Land Use & Zoning, State and Local

Status: In Good Standing Licensed: 26 Years

CONTACT

2643 Belmill Rd, Bellmore, NY 11710

Harold N. Lederman

Residential Real Estate, Commercial Real Estate, Contract, Business & Trade

Status: In Good Standing Licensed: 66 Years

CONTACT

567 Broadway, Massapequa, NY 11758

Hal Lance Rose

Bankruptcy, Landlord-Tenant, Civil Rights, Business

Status: In Good Standing

CONTACT

2159 Hillside Avenue, Bellmore, NY 11710

Robin Radbell Halstrom

Premises Liability, Construction, Labor Law, Disability

Status: In Good Standing Licensed: 32 Years

CONTACT

2099 Bellmore Ave., Bellmore, NY 11710

Arthur James Giorgini

Criminal, Wills, Civil Rights, Land Use & Zoning

Status: Inactive Licensed: 62 Years

CONTACT

326 S Wellwood Ave, Lindenhurst, NY 11757

800-923-0641

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LEGAL TERMS

LIMITED EQUITY HOUSING

An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with ... (more...)

An arrangement designed to encourage low-and moderate-income families to purchase housing, in which the housing is offered at an extremely favorable price with a low down payment. The catch is that when the owner sells, she gets none of the profit if the market value of the unit has gone up. Any profit returns to the organization that built the home, which then resells the unit at an affordable price.

MONTH-TO-MONTH TENANCY

A rental agreement that provides for a one-month tenancy that is automatically renewed each month unless either tenant or landlord gives the other the proper am... (more...)

A rental agreement that provides for a one-month tenancy that is automatically renewed each month unless either tenant or landlord gives the other the proper amount of written notice (usually 30 days) to terminate the agreement. Some landlords prefer to use month-to-month tenancies because it gives them the right to raise the rent after giving proper notice. This type of rental also provides a landlord with an easy way to get rid of troublesome tenants, because in most states month-to-month tenancies can be terminated for any reason.

EMINENT DOMAIN

The power of the federal or state government to take private property for a public purpose, even if the property owner objects. The Fifth Amendment to the Unite... (more...)

The power of the federal or state government to take private property for a public purpose, even if the property owner objects. The Fifth Amendment to the United States Constitution allows the government to take private property if the taking is for a public use and the owner is 'justly compensated' (usually, paid fair market value) for his or her loss. A public use is virtually anything that is sanctioned by a federal or state legislative body, but such uses may include roads, parks, reservoirs, schools, hospitals or other public buildings. Sometimes called condemnation, taking or expropriation.

COOLING-OFF RULE

A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-d... (more...)

A rule that allows you to cancel a contract within a specified time period (typically three days) after signing it. Federal cooling-off rules apply this three-day grace period to sales made door-to-door and anywhere other than a seller's normal place of business, such as at a trade show. Another federal cooling-off rule lets you cancel a home improvement loan or second mortgage within three days of signing. Various states have cooling-off rules that sometimes apply even longer cancellation periods to specific types of sales, such as dancing lessons and timeshares.

REFORMATION

The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usual... (more...)

The act of changing a written contract when one of the parties can prove that the actual agreement was different than what's written down. The changes are usually made by a court when both parties overlooked a mistake in the document, or when one party has deceived the other.

RESTRAINT ON ALIENATION

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it... (more...)

A provision in a deed or will that attempts to restrict ownership of the property -- for example, selling your house to your daughter with the provision that it never be sold to anyone outside the family. These provisions are generally unenforceable.

TESTAMENTARY DISPOSITION

Leaving property in a will.

NULLA BONA

Latin for 'no goods.' This is what the sheriff writes when she can find no property to seize in order to pay off a court judgment.

PRIVATE MORTGAGE INSURANCE (PMI)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortga... (more...)

Insurance that reimburses a mortgage lender if the buyer defaults on the loan and the foreclosure sale price is less than the amount owed the lender (the mortgage plus the costs of the sale). A home buyer who makes less than a 20% down payment may have to purchase PMI.

Massapequa Park Real Estate Lawyer, New York, page 2

Sponsored Law Firm

The Law Office of Alexander Paykin, P.C.

SPONSORED LAWYERS

Elaine Reckner Sammon

Harold N. Lederman

Hal Lance Rose

Robin Radbell Halstrom

Arthur James Giorgini

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LEGAL TERMS

LIMITED EQUITY HOUSING

MONTH-TO-MONTH TENANCY

EMINENT DOMAIN

COOLING-OFF RULE

REFORMATION

RESTRAINT ON ALIENATION

TESTAMENTARY DISPOSITION

NULLA BONA

PRIVATE MORTGAGE INSURANCE (PMI)

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