Hot Topics in Affecting Coops & Condos - Six Months Later
8:30 - 10:30 pm
The panel will review recent cases decided in the past six months before discussing Mitchell-Lama, individual sponsor liability, and protecting minutes in a digital age.
Using Bankruptcy to Retain Real Estate Ownership: Helping Residential Property Owners in Distress
Thursday, November 21
5:30 - 9:00 pm
Designed for lawyers with some bankruptcy experience, topics will include discussion of the use of the Loss Mitigation Program enacted by the U.S. Bankruptcy Court, determining the type of bankruptcy best suited for your client, and current issues faced by debtors and creditors in mortgage claim litigation.
Development Rights & Wrongs: The Dos & Don’ts of Zoning Lot Mergers & Development Rights Transfers in New York City
Monday, December 09 6:00 - 9:00 pm
The program will cover an overview of current New York City law governing zoning lot mergers and the transfer of unused development rights between contiguous and non-contiguous lots, as well as the mechanics and practical considerations involved in such matters.
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Lynn Armentrout, LFIN Director, lectures the workshop attendees.
Pro Bono Opportunity
The Lawyers' Foreclosure Intervention Network hosted more than 40 lawyers at its October 3rd workshop. Over the last five years, LFIN has trained almost 600 attorneys on how to represent homeowners in foreclosure settlement conferences and to assist with the application process for various loss mitigation options including negotiation with banks and litigation. The current LFIN panel consists of 180 volunteer lawyers. LFIN offers a great opportunity for lawyers, particularly new lawyers, to gain first-hand advocacy and settlement experience. CLE credit is available after lawyers have accepted a case. For more information about LFIN or to volunteer, contact the Network's coordinator, Alexandra Hyman.
The Governor signed a bill related to partial tax abatements for certain residential real property held in trust. The new law clarifies that a tax abatement may be granted to a cooperative or condominium dwelling unit held in trust for the benefit of a person or persons who would otherwise be eligible for the abatement had he, she or they owned the unit directly. This bill was signed into law by the Governor in July and went into effect immediately, applying retroactively to June 1, 2012. The Legal Problems of the Aging Committee and the Trusts, Estates and Surrogate’s Courts Committee collaborated on a report supporting the legislation.
Co-op Condo Mediation Project
Disputes between residents or between boards and their residents can escalate into expensive and exhausting litigation. The Co-Op and Condo Mediation Project, sponsored by the Committees on Cooperative & Condominium Law and Alternative Dispute Resolution, offers experienced professionals to act as impartial mediators for co-op/condo disputes, achieving agreed settlements and providing participants with some autonomy to the proceedings. Materials on the Co-Op and Condo Mediation Project's benefits and examples of its lifelike mediations are available online; for more information, visit its webpage or contact Clare Plunkett.
Real Property Income and Expense Statements
The Committee on Condemnation and Tax Certiorari expressed concerns with certain aspects of New York City Council Intro No. 906-A, which deals with requiring income and expense statements from property owners for tax assessment purposes. The concerns outlined in the report include that: 1) the Department of Finance should be obligated to publish a non-filer/defect list earlier than February 1st; 2) the requirement to affirmatively file a given property’s exclusion from Real Property Income and Expense statements is unfair and unnecessary; 3) there is no valid rationale to de-couple the statutory penalties from one another; and 4) making the Real Property Income and Expense statement non-filing monetary penalty a lien upon real estate is unfair to new owners. Incorporating these suggested refinements, the report notes, would serve to enhance fairness to the taxpaying public.
Committee Involvement--It's Never too Late
Committees are how the City Bar’s work gets done. Working on a committee can give you great experience while opening up a number of career doors, some you may not even anticipate.
A full list of the City Bar committees along with a brief description of each and an application form can be found on the City Bar’s website. As a number of City Bar committees have more applicants than available slots, please consider applying to more than one committee.
Have an interest in or questions about the City Bar’s legislative work? Send an email to firstname.lastname@example.org, visit our website or follow us on Facebook and Twitter.