Entries by Gerard Law Firm

What Is a Due Diligence Review in NYC Real Estate?

A due diligence review is the research your attorney performs to investigate a property before you sign a contract of sale. This process typically takes 5 to 7 business days and uncovers legal and financial risks that could affect your investment. Your lawyer examines building financials, board minutes, violations, title records, and offering plans to […]

Ten Steps to Homeownership

Homeownership is how most Americans build wealth and is one of the most important investments you can make in your community. Although today’s market is riddled with roadblocks for buyers, with the right resources, the dream of homeownership is still achievable. The Alliance has created a guide to help first-time buyers navigate the first steps […]

The U.S. housing market over the past 20 years

The 2008–2009 financial crisis, rooted in the collapse of the subprime mortgage market, exposed systematic flaws leading to over 3 million foreclosures, a severe credit crunch, and plummeting home values. Congress met the moment with the passage of laws designed to promote better mortgage underwriting and protect consumers. In the decade that followed, the U.S. […]