November, 2010

NOVEMBER, 2010

 

COURT RULING VICTORY

David A. Kaminsky & Associates P.C. won a ruling in Federal Court, Southern District determining that a sponsor cannot retain a Purchaser’s $55,000.00 contract deposit because the sponsor failed to comply with the Interstate Land Sales Full Disclosure Act. This is a significant victory. It was reported on the front page of the May 24, 2010 New York Law Journal.

If you know of persons in need of advice and counsel in obtaining their deposit back on a condo purchase contract that they were unable to close on, have them call me at (212) 571-1227.

View the decision/order here

INTEREST RATES ARE LOW

Currently interest rates are at a historical low. Refinancing is a great idea. Purchasing a home is a great idea. We can counsel you and assist you in the purchase of your first home or a new home. We can refer you to an excellent mortgage professional who can assist you in obtaining the right loan product with the best rates.

interestrateslow

WHAT IS ILSA?

ILSA is a Federal law, which is the acronym for Interstate Land Sales Disclosure Act. ILSA requires developers of properties to make certain disclosures about when homes will be completed for delivery to the consumer purchaser. David A. Kaminsky & Associates P.C. won a ruling in Federal Court, Southern District, determining that a sponsor cannot retain a Purchaser’s $55,000.00 contract deposit because the sponsor failed to comply with the Interstate Land Sales Full Disclosure Act. This is a significant victory. It was reported on the front page of the May 24, 2010 New York Law Journal. If you know of persons in need of advice and counsel in obtaining their deposit back on a condo purchase contract that they were unable to close on, have them call David A. Kaminsky, Esq. at (212) 571-1227.

BEDBUGS ARE GAINING GROUND

Bedbugs are a growing problem in the city of New York. There is new legislation which requires landlords to give notice to new tenants of bedbug history in their apartments. If you or someone you know is having bedbug problems please have them call me. I have successfully counseled people in the past regarding bedbug infestations.

bedbugs

COLLECTIONS AND SKIP-OUTS

An area of practice that we have been doing since the very beginning, i.e. more than twenty-five years, is collections and skip-out litigation. If you have a tenant who leaves owing money, we are willing to commence litigation against them in order to recover monies due you. We have prosecuted many cases of this type successfully. Depending on the type of case and the amount being sought, we are willing to discuss different types of fee arrangements.

STAFF NEWS
Congratulations to Evelyn Acevedo who recently had a new baby, son Aiden Cruz.

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