Many thinking of taking out their first mortgage have heard the phrase “loan-to-value” or “LTV.” With significant assets on the line, it is important for home buyers to understand this risk assessment tool. The Loan-to-Value ratio is often used to set the down payment...
Sound Legal Advice And Representation For Clients Throughout New York
Month: June 2019
New bill could help wage-theft victims collect money owed
Numerous workers across the country experience wage theft – whether it is through minimum wage violations, failure to pay overtime, or tipping issues. However, while the Fair Labor Standards Act gives employees an avenue to hold their employers liable for unpaid...
Navigating New York residential real estate transactions
New York’s real estate market is notorious for being fast-paced and high-stakes. With thousands - sometimes hundreds of thousands - of dollars on the line, a mistake can have dire consequences. Whether you are buying or selling a house, apartment, brownstone, or...
Welding firm owes more than $500k in backpay, Dept. of Labor says
An investigation by the Department of Labor found an Anaheim, California-based welding company violated overtime provisions of the Fair Labor Standards Act – to the tune of over $500,000. According to the Orange County Register, JEM Unlimited Iron was only paying...
What are the most common ways employees are cheated out of pay?
Most employers in New York pay their employees what they're owed. And most employees can expect to be paid on a regular basis. But it's important to be aware of certain unlawful practices that cheat workers out of their regular pay and overtime. So what are the most...
Three ways even a pre-approved mortgage can fall through
Purchasing a home is often a complicated, stressful process. To help things along, many first-time home buyers try to get “pre-approved” for a mortgage before finding a property. The problem is, there are still problems that can arise even if someone has been...