New York attorney

Aggregation of Residential Condominium Units Affects Mortgage Recording Tax Rate

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The New York City Register’s Office collects a mortgage recording tax whenever a mortgage is recorded in any of the five boroughs except for Staten Island.  The tax rate combines New York State and New York City Mortgage Recording Tax into one amount, which is based on the amount of the mortgage.  The New York City Department of Finance has a tax calculator to help you estimate how much the recording tax will be.

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Railway Accident Personal Injury Lawsuit

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This month, there were two separate fatal accidents at Metro North rail crossings, calling more attention to safety at railway crossings.  According to some statistics, it is estimated that a vehicle and train collide every 90 minutes nationwide and that people are 30 times more likely to die in a crash with a train than another vehicle.  Because trains may not travel on consistent intervals and take longer than other vehicles to stop, they pose a grave threat to those who have to cross train tracks on a regular basis, and the injuries that result are catastrophic, or fatal. 

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Trek Issues Safety Recall for Bicycles

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Many people enjoy spending time outdoors in the spring and summer months bicycling.  Recently, the bicycle company Trek recalled certain models of their bicycles due to a malfunction of a quick release lever on the front wheel hub, causing the wheel to separate from the bicycle.  The malfunction could cause the rider to lose control of the bicycle resulting in serious injuries.

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