Category: New York
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Amid New York City’s Rampant Deed Theft, One Victim Wins
Brooklyn property values are going up. And there are plenty of opportunists looking to steal deeds. In the Bedford-Stuyvesant district of Brooklyn in New York City, Dairus Griffiths just triumphed over those opportunists. In the past decade, Brooklyn has lost many of its Black and Hispanic residents, as gentrification reshapes the district. Serial fraudsters and…
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Start Spreading the News: Blockchain Deed Recording Comes to New York City
New York City’s Department of Finance is trying out blockchain. Can the technology make recording and keeping deeds a better process? The test run, handled by Medici Land Governance (MLG), will find out whether the method will work in a massive city, the company stated in August 2021. MLG is owned by Overstock.com — an…
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The Sweet New York Condo Tax Deal
How Long Must This Show Go On? Homes in New York can have high property tax assessments. By default, home values are assessed at market prices. In contrast, homes classified as condos receive deep discounts when they’re assessed. The result? Some people pay a lot more to cover county, township and school taxes than other…