real estate lawyer recommendation needed!
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siren
LIF Infant
Member since 8/07 219 total posts
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real estate lawyer recommendation needed!
So the house we bought as a 2-famiily, have been taxed as a 2-family, and is listed as a 2-family on mynassauproperties - is apparently not a 2-family. Which, of course, we find out just after getting our first offer on the house (it's now for sale).
We really need help from a real estate lawyer to figure out this mess. Thank you in advance for your recommendations!
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Posted 4/3/13 12:40 AM |
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Re: real estate lawyer recommendation needed!
Normally, I always recommend Kristen Breglio on this site as a real estate lawyer. She is EXCELLENT at handling purchase contracts and closings, and walking clients through all aspects of their sale/purchase.
However, given the nature of your issue, I would recommend David Weiss in Bellmore. His number is (516) 783-0330. He does some work for the Town of Hempstead and knows a lot of people in local government (even if you are not in TOH). He is very experienced and could probably give you the best advice or answers.
But unfortunately, I think you will need to sell it as a single-family home, mother/daughter with proper permit.
Here's why (and this is a public service announcement for other buyers/sellers):
This is VERY common in Nassau - A true legal 2 family house is a rarity in certain areas. It has to have been built as a legal 2 family OR converted to one by C/O.
Many homes listed as 2 family are mother/daughter set ups by permit (which have specific rules, depending on the town - must be owner occupied, other occupants must be certain types of relatives, etc.). And the mother-daughter permit doesn't transfer with the house... new owners must reapply and show they meet the qualifications.
A true legal 2 doesn't need to be owner occupied and the owner can rent the units out to whomever -- it's a true investment property.
Most 1 family homes with a mother-daughter by permit set-up are listed as "duplexes" (2-family homes) on public records and are being taxed that way. But that doesn't mean they are true 2 families with C/O. Many real estate agents don't know this and just take the owners word and rely on public records.
The only way to know for sure whether a house is a true 2 family is to go to the town hall of whatever town it is in and request all of the C/Os on file for the house. But as a shortcut - usually a legal 2 family will not have interior access between the 2 units. If there is some sort of interior staircase or something connecting the 2 units, it's probably a mother-daughter by permit.
So sorry this is coming up now. If you are using a listing agent, they really should have checked on this before advertising the house as a 2 family. I am surprised it didn't come up when you bought the house (when title was run, etc.).
Hope you can work it out! Let me know if you have other questions, I am happy to help.
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Posted 4/3/13 11:02 AM |
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Paramount
Sweet!
Member since 7/12 4287 total posts
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Re: real estate lawyer recommendation needed!
Posted by Century 21 Dallow - Christine Braun
So sorry this is coming up now. If you are using a listing agent, they really should have checked on this before advertising the house as a 2 family. I am surprised it didn't come up when you bought the house (when title was run, etc.).
Hope you can work it out! Let me know if you have other questions, I am happy to help.
Just curious, isn't this what Title Insurance is for?
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Posted 4/3/13 11:06 AM |
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siren
LIF Infant
Member since 8/07 219 total posts
Name:
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Re: real estate lawyer recommendation needed!
Hi Christine - I was actually going to email you to see if you could help! Thanks so much for this information.... Super helpful. We're really surprised it didn't come up then either... And I KNOW we asked....
Thanks again! F
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Posted 4/3/13 11:14 AM |
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Re: real estate lawyer recommendation needed!
Posted by Paramount
Posted by Century 21 Dallow - Christine Braun
So sorry this is coming up now. If you are using a listing agent, they really should have checked on this before advertising the house as a 2 family. I am surprised it didn't come up when you bought the house (when title was run, etc.).
Hope you can work it out! Let me know if you have other questions, I am happy to help.
Just curious, isn't this what Title Insurance is for?
In theory, yes, title insurance should protect against defects in title not found during the title search done before the home was purchased.
But I guess it depends on the particular policy, and as a practical matter, I am not sure how it can be applied here. It's not like there's an old lien on the house that needs to be satisfied for the owner to sell or some sort of claim to be paid. There was a misunderstanding about the classification of the house.... the title may even say "Single family" even though it was advertised and thought to be a "2 family house."
I just don't know -- but a real estate lawyer should be able to advise in more detail.
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Posted 4/3/13 11:28 AM |
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