Title Matters

Title Search

Matters having to do with Title Searches, Surveys, and Public Records

A Tank Full of Trouble

In the winter of 2015, Ivan Braxton* was looking into purchasing a property located in NYC that was on the market for a little more than $11,000,000. The building was a pre-war, walk-up with 24 units and had an old oil heating system. The current owner was a notorious skinflint and had a history of running apartments into the ground.
June 09, 2016

Commercial Property Buyers Beware: Don't Get Soaked!

As investors and attorneys know Riverside Abstract is at the forefront of the title industry, providing cutting edge support and assistance to make sure each deal closes smoothly. Riverside has formed a longstanding relationship with New York Water Management to help clients reduce water bills and help remove water related violations.

However, not everyone knows that water bills can play an outsized part in the world of commercial real estate, because in many areas water bills are similar to property taxes in that they are subject to government liens.
May 26, 2016

Mineral Rights As Clear As Mud

Savvy investors know that profitable real estate investments exist across the country, not just in regional hotspots like NY or NJ. What they don't know is that new investment areas have new different pitfalls, obstacles and issues that can crop up when investors venture into deals outside their normal geographic comfort zone.
May 19, 2016

Now You (LL)C Me, Now You Don't

When a Corp. or LLC is the seller of a property, the privacy it offers obscures the identity of the owners. Therefore, the title company needs to ascertain who the entity's actual shareholders or members are.
At Riverside, our highly skilled staff are trained to see beyond the paper and to be alert for red flags that may indicate fraud. There are instances where the operating agreement seems off or is presented by a law firm or individual that we are not familiar with. In that case, we will take a deeper dive into the identity of the LLC.
May 12, 2016

Don't Slip Up on ECB Violations

The scariest thing about environmental issues in the city is not the sticky black gum spots on the sidewalk, the subway stalagmites or the pizza eating rats. At least for real estate investors the scariest thing is the NYC violations that are issued by a whole gamut of NYC agencies.
April 14, 2016

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