Home Buying in 10003 : Questions & Answers

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Jeffrey Scho…, Real Estate Pro in New York, NY
Jeffrey Schoman, Esq. answered:
Condo or coop for investment. What are the rules for short term rental?
Short-term rentals for periods less than 30 days are in violation of the New York State multiple dwelling law, unless they fall under limited exceptions, which doesn't seem to apply to ... more
0 votes Share Flag Wed Aug 20, 2014 Home Buying in 10003
James P. Fur…, Real Estate Pro in Boston, MA
James P. Furlong answered:
Is it legal for a mortgage company to put my house payment in an escrow that I did not authorize without my consent?
Best to consult with a lawyer as regards the legality. I would recommend you speak with the mortgage company to determine the reason for the action.
0 votes Share Flag Tue Dec 17, 2013 Home Buying in 10003
James Manning, Real Estate Pro in New York, NY
James Manning answered:
Seeking a long term 3BR 1 Bath house rental in Summit, Basking Ridge, Westfield NJ area. Must be within walking distance to stores, train station
I live in Westfield and would be happy to assist you with your search. Please call me at your earliest convenience.

James Manning
0 votes Share Flag Mon Dec 2, 2013 Home Buying in 10003
Gill Chowdhu…, Real Estate Pro in New York, NY
Gill Chowdhury answered:
should I buy a nyc condo in a building without a co?
Hi Kevin. Fern makes a good point about there being potential downsides regarding going into contract before a building has a CO. However, in the current market I would definitely make ... more
0 votes Share Flag Fri Jun 28, 2013 Home Buying in 10003
Javier Menes…, Real Estate Pro in Farmingdale, NY
Javier Meneses answered:
How FHA calculates income?
As mentioned below, if your new position is a salary paying job, they'll use your current income to qualify you. So for example, if the new job you started in 2012 pays you $3,000 gross ... more
2 votes Share Flag Sat Mar 23, 2013 Home Buying in 10003
Fern Hamberg…, Real Estate Pro in 10026
Fern Hamberger NYRS CNE CBR answered:
How valuable is a key a Gramercy Park?
Hello Ally,
The key to Gramercy park, is as valuable as you can make it! you can enjoy the park every day or just hold onto the key for prestige!! You seem to be intrigued with the KE ... more
0 votes Share Flag Sun Dec 9, 2012 Home Buying in 10003
Philip Lang, Real Estate Pro in New York, NY
Philip Lang answered:
I am considering purchasing a beautiful one-bedroom apartment in a townhouse on 16th street and Irving Place in NYC. But its across from a public HS.
Irving Place is one of the most exclusive addresses in the city, and I wouldn't worry about a high school tarnishing either the value of the property or your enjoyment of the apartment. ... more
0 votes Share Flag Wed Dec 5, 2012 Home Buying in 10003
Philip Lang, Real Estate Pro in New York, NY
Philip Lang answered:
When real estate brokers purchase a home for themselves, do they get a commission?
Real estate agents are entitled to the buyer's agent portion of a commission when purchasing a home, It is possible for that agent to receive the commission as a credit when buying the ... more
0 votes Share Flag Wed Dec 5, 2012 Home Buying in 10003
Robin Silver…, Real Estate Pro in Garden City, NY
Robin Silverberg answered:
Questions regarding underlying mortgage and accumulated deficit/deprecation for a co-op
Jon, have you spoke to an attorney yet to represent you? Most real estate attorneys that are familiar with co-ops will review the financials prior to having you sign the contract. The ... more
0 votes Share Flag Tue Apr 20, 2010 Home Buying in 10003
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