Common Problems with Deals in NYC & Solutions

In this episode of Affluence and Advocacy: NY Real Estate Law, Natalia Sishodia shares insights from her extensive experience in New York City real estate transactions. She discusses common challenges that arise during real estate deals, including due diligence issues, contract negotiations, title problems, co-op board rejections, and unexpected hurdles like a seller passing away during a transaction. Natalia also highlights how her firm handles both legal and interpersonal challenges with a proactive and empathetic approach, ensuring smooth and successful outcomes for clients.

 

Timestamps:

00:00-00:05 - Introduction to Affluence and Advocacy: NY Real Estate Law.
00:06-00:27 - Overview of today's topic: challenges in NYC real estate deals.
00:28-00:44 - Natalia Sishodia shares her perspective on overcoming deal challenges.
00:45-01:17 - Common stages where problems arise during real estate transactions.
01:18-02:33 - Issues encountered during due diligence, including a red flag case study.
02:34-03:22 - Contract negotiation: goals and an example of unique clauses.
03:23-04:11 - Title issues: a case study of resolving an old mortgage discrepancy.
04:12-05:18 - Co-op board rejection: how Natalia navigated a three-appeal case.
05:19-08:33 - Memorable closing issues: disqualified loans, missing documents, and deceased sellers.
08:34-10:16 - Handling probate and creative solutions for unexpected situations.
10:17-14:05 - Addressing non-legal, interpersonal challenges in real estate transactions.
14:06-14:47 - Closing remarks: importance of experienced legal counsel in NYC real estate.

 

About The Show

Affluence and Advocacy: NY Real Estate Law is a podcast dedicated to unraveling the complexities of New York City's real estate market. Hosted by experienced legal professionals, the show offers expert insights, practical advice, and real-world case studies to help listeners navigate the challenges of buying, selling, and managing property in the city. From due diligence and contract negotiations to handling co-op board rejections and unexpected hurdles, the podcast provides a comprehensive guide to protecting your interests and achieving success in real estate transactions.