Seward Park apartment for $33K: "Too Good to be True"

From The Low Down, news from the Lower East Side:

Grand St. Apartment for $33K: Too Good to be True
"...By contrast, a similar case that Salamon’s attorney, Richard Klass, is handling a few blocks away at the Hillman Housing Corp. has garnered no press attention. In that case, plaintiff Elena Slukina of Manhattan bid $180,000 on apartment #GD at 550H Grand St. in April, after the previous owner defaulted. Hillman is attempting to block that sale based on arguments similar to Seward Park’s, according to court documents filed in Supreme Court Sept. 16...."

Read more here:
http://www.thelodownny.com/leslog/2011/12/a-grand-street-apartment-for-33000-too-good-to-be-true.html/trackback


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copyr. 2011 Richard A. Klass, Esq.
The firm's website: www.CourtStreetLaw.com
Richard A. Klass, Esq., maintains a law firm engaged in civil litigation at 16 Court Street, 28th Floor, Brooklyn Heights, New York.
He may be reached at (718) COURT-ST or e-ml to RichKlass@courtstreetlaw.com with any questions.
Prior results do not guarantee a similar outcome.

Seward Park co-op board voids sale of one-bedroom that went at auction for $329G

Seward Park co-op board voids sale of one-bedroom that went at auction for $329G

BY Barbara Ross
NEW YORK DAILY NEWS
Thursday, December 1 2011, 9:13 PM

"Linda Salamon thought she won the real estate lottery last May when she bought a $400,000 one-bedroom co-op apartment on the lower East Side for $329,000 at a public auction...."


"...Salamon declined to discuss her battle, but her lawyer Richard Klass said that under state law, the co-op board cannot exercise its right of first refusal because the sale is not voluntary; it was forced by the lender.

"He also noted that Seward Park's board was notified of the auction and could have bid on the apartment when Salamon won the unit...."

Read more: http://www.nydailynews.com/new-york/seward-park-co-op-board-voids-sale-one-bedroom-auction-33g-article-1.985636#ixzz1gLglMXGb

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copyr. 2011 Richard A. Klass, Esq.
The firm's website: www.CourtStreetLaw.com
Richard A. Klass, Esq., maintains a law firm engaged in civil litigation at 16 Court Street, 28th Floor, Brooklyn Heights, New York.
He may be reached at (718) COURT-ST or e-ml to RichKlass@courtstreetlaw.com with any questions.
Prior results do not guarantee a similar outcome.