Recent content by Jeff247

What is the name of your state (only U.S. law)? New York I have a an industrial site with a large mortgage. Long story short, it's surrounded by brownfields and no longer producing income. If I let it go into foreclosure how will the lender react? They are not the original lender. Or what might...

In the state of New York is it legal for the owner of an industrial property to do a Phase I environmental study to clear the property for a loan? Is a Phase I required by law from a third party? Or are they not even required except when required by the lender? Thank you.

What is the name of your state? NY. In NYS, what is the leasors (rentor) obligation to restore a building used, to it's original condition, when on a month to month and no lease? There was a previous lease where they were to restore it to it's original condition. That expired and they are going...

What is the name of your state? New York I am on a payment plan for back taxes to the IRS. Anyone know what happens if you are late with a payment? Can't seem to find any info. Thank you.

What is the name of your state?NY I own some industrial real estate that I would like to put into an LLC. There is a federal lien that I am paying off on the property. Can I still create an LLC with a federal lien on the property? Thank you.

What is the name of your state? New York I am planning on leaving one of my three sisters out of my will. The reason is because she can not manage money. That is the reason my other two sisters and I are supporting her now. I believe that upon my death my sisters would continue to house and...

What is the name of your state? New York. I just received a copy of a Tax Warrant from the State of New York (about $5k). It is a lien, but what else can I expect? Will they come in with guns a blazing and try to publicly humiliate me? I realize the hit it puts on my credit score. I hope to pay...

Upstate New York. I want to convert an industrial building (I own it and owe no money on it) that I lease out to an LLC. There is an IRS tax lien on it. Can I still change the status to LLC? I just want the limited liability protection. Thank you.

New York. I just agreed to a repayment plan with the IRS. It's over 5 years for $40K. It was very easy and I was pleased wih IRS help. The BIG problem is that after I agreed to the payment plan they also said they would pt a lien against my property. The downside for me is the problem it causes...

What is the name of your state? NY Will an LLC protect me personally if contaminates (origin unknown) are found on my business property and I am ordered to clean upThank you.

undefinedWhat is the name of your state? NY I got a ticket 14 years ago. I believe it was speeding reduced to failure to obey traffic signal. Yesterday, in the mail I get a notice of suspension for this 14 year old ticket that "I THINK I took care of". They are saying I didn't. I don't have any...

What is the name of your state? NY My 75 yr old mother bought a $1 per month life insurance to cover funeral expenses from her bank. She is fine and hopefully won't need it anytime soon!!! It pays $10,000, but is reduced by 50% if you are over 70. Since I don't have the policy, is anyone...