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Timeline

    • March Architectural details of vintage brick apartment buildings in New York City.

      Adam Leitman Bailey, P.C. Secures the First Ever Victory Before the Appellate Division Regarding a Title Insurer’s Obligation to Defend After the Mortgage it Insured is Subsumed into a CEMA

      Adam Leitman Bailey, P.C. Secures the First Ever Victory Before the Appellate Division Regarding a Title Insurer’s Obligation to Defend After the Mortgage it Insured is Subsumed into a CEMA

      A Consolidation, Extension and Modification Agreement (“CEMA”) is an often-employed vehicle to essentially refinance a mortgage without having to pay the mortgage tax for the full amount of the refinance, as you are only paying mortgage taxes on the “new money”. Adam Leitman Bailey, P.C. represented the insurer of the initial mortgage for $1,995,000. That mortgage and a gap mortgage for $1,005,000 was then consolidated into a CEMA for $3,000,000. A second title company insured the CEMA for the full...

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    • A low-angle shot of a modern apartment building featuring a blue and white facade with glass balconies and windows against a clear blue sky.

      Adam Leitman Bailey, P.C. Protects a Bona Fide Purchaser of Property Dragged Into a Dispute Between Prior Owners

      Adam Leitman Bailey, P.C. Protects a Bona Fide Purchaser of Property Dragged Into a Dispute Between Prior Owners

      In a heated dispute between prior owners of a Property, Adam Leitman Bailey, P.C., successfully defended against claims that its client’s predecessor in interest fraudulently obtained the subject Property from the Plaintiff, and the subsequent sale of the Property to our client was null and void. The Property at issue was originally owned an LLC, Plaintiff in the action. Plaintiff defaulted on its mortgage and a foreclosure action was commenced to foreclose that mortgage. Plaintiff sought to avoid foreclosure but...

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    • A row of stone pillars.

      Adam Leitman Bailey, P.C. Lifts the Cloud Over Client’s Title

      Adam Leitman Bailey, P.C. Lifts the Cloud Over Client’s Title

      Adam Leitman Bailey, P.C. vindicated the ownership rights of a Housing Corporation in two of its residences. After pressing suit in New York Supreme Court, setting forth compelling facts and evidence and seeking injunctive and substantial monetary relief for the owner, Defendant was forced to capitulate, withdrawing his spurious claims over title. A former tenant in the Corporation’s building passed away, and ownership of her apartment reverted to the Corporation. Meanwhile, decedent’s daughter – another tenant in the building –...

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    • Low-angle view of several skyscrapers in Lower Manhattan, New York City, under a clear blue sky, showcasing the diverse architectural styles and heights.

      Adam Leitman Bailey, P.C. Successfully Prevents Borrower From Staying a Foreclosure Sale

      Adam Leitman Bailey, P.C. Successfully Prevents Borrower From Staying a Foreclosure Sale

      Adam Leitman Bailey, P.C. was retained by a lender to foreclose a business purpose loan. After successfully prosecuting the foreclosure action and obtaining a judgment of foreclosure and sale, the property was scheduled for auction. On the eve of the foreclosure sale, the borrower filed an Order to Show Cause, with a request for a temporary restraining order, on the grounds that the borrower had entered int a contract of sale for the subject property. Adam Leitman Bailey, P.C. is...

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    • Two New York City apartment buildings, one white and one red brick, are shown side-by-side, each with fire escapes.

      Adam Leitman Bailey, P.C. Taking on and Getting Serious Fire Department Violations Removed with Finesse and Zealousness

      Adam Leitman Bailey, P.C. Taking on and Getting Serious Fire Department Violations Removed with Finesse and Zealousness

      When a Fortune 500 company faced a violation from the New York City Fire Department for failing to have a certificate of fitness for air chilling equipment on the roof of their building, their General Counsel’s office contacted the lawyers at Adam Leitman Bailey, P.C. to fight the violation. The implications of being held guilty of the violation were quite significant, as it not only would require the company to engage a full-time engineer to monitor the equipment on a...

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