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Vincent Gallo: Proposed legislation will result in significant mortgage tax savings to a Borrower, or will it?

posted Jan 12, 2015, 5:30 AM by Pete Weinman
Real Estate Chair, Vincent J. Gallo, Esq., shared some of his thoughts on proposed legislation.  

New York State Senator, John DeFrancisco, on January 7, 2015, introduced a Bill (SB25) that will allow Mortgagors to receive an Assignment of Mortgage in lieu of a Discharge of Mortgage when the Mortgagor is refinancing an existing Mortgage loan.  Click HERE for the full article.