Purchasing an Apartment in New York City, Part 6: The Bank

Assuming you are financing a portion of your purchase, the bank will play an important role in the success and timing of the overall process. Therefore, it is important to have some insight into the role your mortgage professional and the bank play, and the behind the scenes process of obtaining a loan.

Closing the Loop on the Leap Year

2016 has been an incredible year of change, discovery, focus, creativity, balance, community, family and success. I am so incredibly thankful to my wife, family, friends, clients and colleagues for cheering me on before, during and after my decision to leap, and for continuing to support me throughout the past year as I rebuilt my […]

Good Faith Deposits: A Part of the Process or a Despicable SCAM?

I am often asked by clients about “good faith deposits” and whether they should be skeptical about providing a deposit when submitting an application for an apartment. The answer is, it depends. If the deposit is going to the landlord, that is likely above board. However, if the deposit is being paid to the broker, your skepticism is well founded and you should be prepared to ask MANY questions. I will prepare you for both scenarios…