What You’ll Learn How to understand your Closing Disclosure form Why your Closing Disclosure may vary from your Loan Estimate The significance of different dates on your Closing Disclosure
A Closing Disclosure is a five to six-page form that provides final details about the mortgage loan you have selected, including the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).
Better Mortgage is a direct lender dedicated to providing a fast, transparent digital mortgage experience backed by superior customer support. From our offices in New York City, we’re using technology to change the way people finance their homes, for the better.
During the 1800’s, it was common for lawyers to attract clients by hanging a shingle and advertising in newspapers. In the early 1900’s, lawyer advertising was restrained by ABA rules, but the situation changed in 1977 when the Supreme Court extended First Amendment protection to lawyer advertising. By the late 1900’s, advertising became more common and some firms began using commercials on radio and television. The situation changed in the 2000’s as firms migrated their marketing to websites and social media.
About 50 years ago, the Beatles released an innovative album called Sgt. Pepper’s Lonely Hearts Club Band. The album contained a hit song titled Getting Better that told John Lennon’s personal experience with self-improvement. Companies like Nestle, Mayo Clinic, and Toyota have used an improvement strategy known as Kaizen to make better products and increase market share. Focus on improvement can similarly help lawyers build their practice. Read on for professional development tips for lawyers and resources for implementing them at your firm.
When you go to the trouble and expense of creating an LLC or Corporation — instead of operating as a sole proprietorship or partnership—you are doing so in order to avoid being personally responsible for the debts of the business and claims of third parties or employees against the business. An LLC or Corporate Kit is a highly efficient, time-honored way to way to help ensure that this crucial goal is indeed carried out.
First, the entire rental history for each rent-regulated unit within the building must be obtained from DHCR, which records date back to 1984. Once these records are procured, each legal annually registered rent for all regulated units must be scrutinized for increases. If there are any increases, they must be explained. This is particularly vexing for those increases related to Major Capital Improvements (MCI), which allowed landlords to hike the rent by 6% in NYC and 15% outside of NYC under the prior laws after improvements were made benefiting the tenants. For all increases, all of the backup (invoices from contractors, canceled checks for payments, etc.), must be furnished. If the supporting documentation cannot be produced, or, alternatively, if the documents are inadequate, the rent may be deemed “unreliable,” rendering the asset toxic. The level of toxicity of the asset is largely dependent upon the amount of the overcharge and the time during which the rent was overcharged. Therefore, it is highly advisable for landlords to forego the purchase of any such toxic asset, especially in buildings where there are many potential overcharge claims where the owner does not possess backup.
Massimo F. D’Angelo is a partner at Adam Leitman Bailey, P.C. who is admitted to practice before the state courts of New York and New Jersey, and the U.S. District Courts for the Southern District and the Eastern District of New York and the District of New Jersey. Mr. D’Angelo represents condominium and cooperative boards and sponsors, as well as commercial and residential landlords and tenants in connection with complex real estate litigation matters, and regularly advises and represents clients in real estate administrative and environmental proceedings. Super Lawyers has repeatedly recognized Mr. D’Angelo as a New York Metro Area Rising Star.
The ABA recently simplified its dues structure and added new membership benefits. The ABA expects these improvements to increase revenues and add 83,000 members over the next 4 years. Lawyers can similarly raise revenues by offering alternative fees and providing exceptional services. Read on for tips to strengthen client relations and create opportunities for revenue growth.
Journaling has been used since ancient times to capture thoughts, keep reminders, and record events. An early example is a journal maintained by Roman Emperor Marcus Aurielius (161-180) who kept notes of his personal meditations. More recent journalizers include George Lucas, Nelson Mandela, and Ronald Reagan. Journaling is a low-cost method for preserving history, promoting productivity and improving health. Read on for tips about journaling and resources for starting a diary or journal.
Over the past 40 years, there has been a Digital Transformation in the practice of law. The Transformation was facilitated by several innovations — the introduction of the IBM PC in 1980, commercialization of the Internet around 1990, popularization of cloud computing in the 2000s, Apple’s launch of the iPhone in 2007 and the iPad in 2010, and the proliferation of wireless hotspots and mobile apps during the 2010s. The result has been legal technology that is more affordable and easier to adopt. Technology is increasingly used by lawyers to automate legal tasks, improve client relations, and manage law practices. Read on to learn about top technologies for lawyers and resources for implementing them at your firm.
By now, most attorneys and law offices are well aware of the need to market themselves online. But knowing you should do something and actually understanding the processes involved are two very different things. With more companies offering you marketing services on more platforms, how do you know what they’re selling is right for you, or that the strategies they are using are the most up to date?
We’ve compiled a list of digital marketing terms every law firm or attorney needs to be familiar with for 2020 and beyond. This can help you be in a better position to make informed business decisions and outpace your competition.