P/S Purchases & Sales of Homes

- Location -
Holiday Inn Mt. Kisco
1 Holiday Inn Drive
Mount Kisco, NY 10549
(914) 241-2600

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Co-sponsored by the Real Property Law Section and the Committee on Continuing Legal Education of the New York State Bar Association

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* 7.0 TOTAL CREDITS
3.5 Professional Practice; 2.5 Skills; 1.0 Ethics.

* Please be advised that the brochure had a typographical error.  The credits listed above are the correct ones.

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PROGRAM DESCRIPTION

This program provides a step-by-step guide as well as practical tips to attorneys in purchases and sales of homes, covering: pre-contract issues such as dealing with brokers and property inspection; clause-by-clause review of contract drafting and negotiation, including mortgage contingency clause issues; mortgage financing issues; title and survey examination and insurance; pulling it all together at the closing; and ethical issues related to sales of homes.

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AGENDA

8:30-9:00  REGISTRATION

9:00-9:10
1. OVERVIEW
Speakers: Frank C. Sarratori, Esq. (Albany); Benjamin Weinstock, Esq. (Long Island); Mindy H. Stern, Esq. (NYC); Heather C.M. Rogers, Esq. (Rochester); Nancy W. Saia, Esq. (Buffalo); John P. Sindoni, Esq. (Syracuse); Denise P. Ward, Esq. (Westchester)

9:10-9:35
2.  PRE-CONTRACT CONSIDERATIONS
  A. Seller
    1. Brokers listings and commissions
    2. Sale terms and timing
    3. Tax planning
    4. Property Condition Disclosure Statement
  B. Purchaser
    1. Brokers’ agency disclosure
    2. Due diligence
    3. Financing
  C. Binders and the statute of frauds
  D. Checklists
Speakers: Susan Hoblock deVoe, Esq. (Albany); Benjamin Weinstock, Esq. (Long Island); Mindy H. Stern, Esq. (NYC); Heather C.M. Rogers, Esq.; Scott A. Sydelnik, Esq. (Rochester); Carolyn E. Leed, Esq. (Buffalo); Francis D. Stinziano, Jr., Esq.; Virginia A. Leasure, Esq. (Syracuse); Denise P. Ward, Esq.; Robert J. Zaccagnino, Esq. (Westchester)

9:35-10:25
3. CONTRACT DRAFTING AND NEGOTIATION
  A. Contract forms—local and statewide (alteration: Nassau Co. Op. 01-01)
  B. Preparation of contract (broker or attorney)
  C. Contract Issues: parties; property description; personal property; price and payment; escrow of down payment; title (marketable, fee simple, insurable) and permitted exceptions; property condition; compliance with law; deeds; time and place of closing; financing and other contingencies; risk of loss; possession; smoke and c.o. detectors; lead paint; tenants; condominiums; new construction; and breaches and remedies.
  D. Checklists
Speakers: Michelle H. Wildgrube, Esq. (Albany); Abraham B. Krieger, Esq. (Long Island); Karl B. Holtzschue, Esq. (NYC); Heather C.M. Rogers, Esq. (Rochester); Nancy W. Saia, Esq.; Michael J. Lombardo, Esq. (Buffalo); Francis D. Stinziano, Jr., Esq.; Virginia A. Leasure, Esq. (Syracuse); Denise P. Ward, Esq.; Robert J. Zaccagnino, Esq. (Westchester)

10:25-10:35  BREAK

10:35-11:00
4. CONTRACT NEGOTIATION (continued)
Speakers: Michelle H. Wildgrube, Esq. (Albany); Abraham B. Krieger, Esq. (Long Island); Karl B. Holtzschue, Esq. (NYC); Heather C.M. Rogers, Esq. (Rochester); Nancy W. Saia, Esq.; Michael J. Lombardo, Esq. (Buffalo); Francis D. Stinziano, Jr., Esq.;  Virginia A. Leasure, Esq. (Syracuse); Denise P. Ward, Esq.; Robert J. Zaccagnino, Esq. (Westchester)

11:00-11:50
5. MORTGAGE FINANCING
  A. Types of lenders and types of loans
  B.  Mortgage brokers, mortgage bankers and mortgage loan originators
  C. Representation of multiple parties
  D.  Loan application and qualification
  E. Contract contingency clauses and compliance
  F. Loan commitment
  G.  Loan documentation
Speakers: Frank C. Sarratori, Esq. (Albany); Gary C. Hisiger, Esq. (Long Island); Mindy H. Stern, Esq. (NYC); Kevin E. Brzezinski, Esq. (Rochester); W. Clark Trow, Esq. (Buffalo); Rocco Mangano, Esq. (Syracuse); Patrick J. Loftus, Esq. (Westchester)

11:50-12:00  QUESTION AND ANSWER PERIOD

12:00-1:00  LUNCH (ON YOUR OWN)

1:00-1:50
6. TITLE EXAMINATION AND DISPOSITION OF OBJECTIONS
  A. Examination of title: title abstract or commitment
  B. Title policies: what is and what is not covered (2006 ALTA Policy)
  C. Disposition of title objections
  D. Endorsements and affirmative insurance (2006 endorsements)
  E. Rates of insurance
  F. Referrals and representation of multiple parties
Speakers: Peter V. Coffey, Esq. (Albany); John M. Martin, Esq. (Long Island); Joseph D. DeSalvo, Esq. (NYC); Cheryl A. Brown, Esq. (Rochester); Mark E. Burhans, Esq. (Buffalo); William H. Bradt, Esq. (Syracuse); Michael J. Berey, Esq. (Westchester)

1:50-2:15
7. SURVEY EXAMINATION
Speakers: Peter V. Coffey, Esq. (Albany); Benjamin Weinstock, Esq. (Long Island); Ariel Weinstock, Esq. (NYC); Stephen J. Pheterson, Esq. (Rochester); Michael M. Blinkoff, Esq. (Buffalo); Jeffrey B. Davis, Esq. (Syracuse); Mitchell A. Gluck, Esq. (Westchester)

2:15–2:25  BREAK

2:25-3:15
8. ETHICS AND PROFESSIONALISM
  A. Sources of the rules; ethics opinions
  B. Conflicts: lawyer/client; between clients
  C. Escrow account rules
  D. Preserving client confidences
  E. Communication, advertising and referrals
  F. Engagement letters and arbitration of fees
  G. Lawyers Fund for Client Protection
Speakers: Anne Reynolds Copps, Esq. (Albany); M. David Tell, Esq. (Long Island); J. Richard Supple, Esq. (NYC); Lucien A. Morin, II, Esq. (Rochester); Thomas Whissel, Esq. (Buffalo); John P. Sindoni, Esq. (Syracuse); Deborah A. Scalise, Esq. (Westchester)

3:15–4:05
9. PREPARATION FOR CLOSING; CLOSING; POST CLOSING MATTERS
  A. Pre-closing matters (checklists)
  B. Closing Matters (checklists)
    1. Seller/Purchaser/Lender/Paralegals
    2. Adjustments
    3. Transfer and mortgage taxes
    4. Title insurance and exceptions
    5. FIRPTA
    6. Casualty insurance
    7. Closing forms (e.g., Monroe Co. fence agreement)
    8. Attorney escrow accounts (NYSBA opinion 737)
  C. Post closing matters
    1. Closing memorandum and statement
    2. Title insurance policy and deed
    3. Tax reporting: 1099-S and income taxation of gain
    4. Expressly surviving liabilities (merger defense)
    5. Tax treatment of adjustments and expenses, etc.
Speakers: James E. Prout, Esq. (Albany); Jill Weinstock Ames, Esq. (Long Island); Nancy A. Connery, Esq. (NYC); Scott A. Sydelnik, Esq. (Rochester); Paul T. Nesper, Esq. (Buffalo); Francis D. Stinziano, Jr., Esq.; Virginia A. Leasure, Esq. (Syracuse); Panel discussion (Westchester)

4:05-4:15  QUESTION AND ANSWER PERIOD

4:15    ADJOURNMENT

PROGRAM FACULTY

Overall Planning Chairs
Heather C. M. Rogers, Esq., Davidson Fink LLP, Rochester, NY
Mindy H. Stern, Esq., Schoeman Updike & Kaufman LLP, New York, NY

Local Panels (listed in order of appearance)

Tuesday, November 2, 2010
Albany
Chair: Frank C. Sarratori, Esq., Pioneer Savings Bank, Troy, NY
Panel:  Frank C. Sarratori, Esq., Pioneer Savings Bank, Troy, NY * Susan Hoblock deVoe, Esq., Ianiello, Anderson & Reilley, P.C. (IAR Law), Albany, NY * Michelle H. Wildgrube, Esq., Cioffi Slezak & Wildgrube, P.C. Niskayuna, NY * Peter V. Coffey, Esq., Englert, Coffey, McHugh & Fantauzzi , LLP, Schenectady, NY * Anne Reynolds Copps, Esq., Law Office of Anne Reynolds Copps, Albany, NY * James E. Prout, Esq., Martin, Shudt, Wallace, DiLorenzo & Johnson, Troy, NY

Long Island (Melville)
Chair: Benjamin Weinstock, Esq., Ruskin Moscou & Faltischek, P.C., Uniondale, NY
Panel:  Benjamin Weinstock, Esq., Ruskin Moscou & Faltischek, P.C., Uniondale, NY * Abraham B. Krieger, Esq., Meyer, Suozzi, English & Klein P.C., Garden City, NY * Gary C. Hisiger, Esq., Moritt Hock Hamroff & Horowitz LLP, Garden City, NY * John M. Martin, Esq., All NY Title Agency Inc., White Plains, NY * M. David Tell, Esq., Wantagh, NY * Jill Weinstock Ames, Esq., Paul, Hastings, Janofsky & Walker LLP, New York, NY

New York City
Chair: Mindy H. Stern, Esq., Schoeman Updike & Kaufman LLP, New York, NY
 Panel:  Mindy H. Stern, Esq., Schoeman Updike & Kaufman LLP, New York, NY * Karl B. Holtzschue, Esq., Law Office of Karl B. Holtzschue, New York, NY * Joseph D. DeSalvo, Esq., First American Title Insurance Company of New York, New York, NY * Ariel Weinstock, Esq., Katsky Korins LLP, New York, NY * J. Richard Supple, Esq., Hinshaw & Culbertson LLP, New York, NY * Nancy A. Connery, Esq., Schoeman Updike & Kaufman LLP, New York, NY

Rochester
Chair: Heather C. M. Rogers, Esq., Davidson Fink LLP, Rochester, NY
Panel:  Heather C. M. Rogers, Esq., Davidson Fink LLP, Rochester, NY * Scott A. Sydelnik, Esq., Davidson Fink LLP, Rochester, NY * Kevin E. Brzezinski, Esq., Dollinger Associates, PC, Rochester, NY * Cheryl A. Brown, Esq., Lockport, NY * Steven J. Pheterson, Esq., Pheterson Stern Calabrese Neilans & Spatorico, LLP, Rochester, NY * Lucien A. Morin, II, Esq., McConville Considine Cooman & Morin PC, Rochester, NY

Wednesday, November 3, 2010
Buffalo
Chair:  Nancy W. Saia, Esq., Law Offices of Nancy W. Saia, Buffalo, NY
Panel:  Carolyn E. Leed, Esq., Sargent & Collins LLP, Williamsville, NY * Nancy W. Saia, Esq., Law Offices of Nancy W. Saia, Buffalo, NY * Michael J. Lombardo, Esq., Duke, Holzman, Photiadis & Gresens LLP, Buffalo, NY * W. Clark Trow, Esq., Law Offices of Nancy W. Saia, Buffalo, NY * Mark E. Burhans, Esq., Ticor Title Insurance Company, Lockport, NY * Michael M. Blinkoff, Esq., Blinkoff & Blinkoff, Buffalo, NY * Thomas Whissel, Esq., Buffalo, NY * Paul T. Nesper, Esq., Nesper, Ferber & DiGiacomo, LLP, Amherst, NY

Thursday, November 4, 2010
Syracuse
Chair: John P. Sindoni, Esq., Hiscock & Barclay LLP, Syracuse, NY
Panel:  Francis D. Stinziano, Jr., Esq., Gilberti Stinziano Heintz & Smith PC, Syracuse, NY * Virginia A. Leasure, Esq., Syracuse, NY * Rocco J. Mangano, Esq., Mangano Lucchesi & Collins, Syracuse, NY * William H. Bradt, Esq., Bradt-Luciani Real Property Services, Syracuse, NY * John P. Sindoni, Esq., Hiscock & Barclay LLP, Syracuse, NY * Jeffrey B. Davis, Esq., Camillus, NY

Westchester (Mt. Kisco)
Chair: Denise P. Ward, Esq., Grean & Ward, Port Chester, NY
Panel:  Denise P. Ward, Esq., Grean & Ward, Port Chester, NY * Robert J. Zaccagnino, Esq., Law Offices of Robert J. Zaccagnino, Rye, NY * Patrick J. Loftus, Esq., Freeman & Loftus RLLP, New City, NY * Michael J. Berey, Esq., First American Title Insurance Company of New York, New York, NY * Mitchell A. Gluck, Esq., First American Title Insurance Company of New York, New York, NY * Deborah A. Scalise, Esq., Scalise and Hamilton LLP, Scarsdale, NY

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PROGRAM LOCATIONS

Tuesday, November 2, 2010
Albany
New York State Nurses Association
11 Cornell Road
Latham, NY 12110
(518) 782-9400

Long Island (Melville)
Melville Marriott Long Island
1350 Old Walt Whitman Road
Melville, NY 11747
(631) 423-1600

New York City
New York Hotel Pennsylvania
401 Seventh Avenue (at 33rd St.)
New York, NY 10001
(212) 736-5000

Rochester
Holiday Inn Rochester Airport
911 Brooks Avenue
Rochester, NY 14624
(585) 328-6000

Wednesday, November 3, 2010
Buffalo
Holiday Inn Amherst
1881 Niagara Falls Blvd.
Amherst, NY 14228
(716) 691-8181

Thursday, November 4, 2010
Syracuse
Crowne Plaza Syracuse Downtown
701 East Genesee Street
Syracuse, NY 13210
(315) 479-7000

Westchester (Mt. Kisco)
Holiday Inn Mt. Kisco
1 Holiday Inn Drive
Mount Kisco, NY 10549
(914) 241-2600

Important Note: If you plan to pre-register within 10 days of the program or register at the door, please call us at (800) 582-2452 or in Albany and surrounding area, dial (518) 463-3724, to verify that the program is not sold out or that the date or location has not been changed. Those who pre-register in advance of the program will automatically be notified of any such changes and will receive a full refund up to the day prior to the program, if they cannot attend and notify us of their cancellation. Please pre-register as early as possible.

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INFORMATION AND POLICIES

Pre-registration Strongly Advised: You can save money and guarantee your seat and course materials by registering early. Registrations received or postmarked within 10 days of the event, or at the door, are subject to a higher registration fee. Seating is limited in all locations and registrations are taken on a first-come, first-served basis. If you plan to pre-register within 10 days of the program or to register at the door, please call the CLE Registrar’s Office at (800) 582-2452 to verify that the program is not sold out or that the date or location has not been changed. Pre-registrants are guaranteed a seat and set of course materials, and will automatically be notified if there are any such changes in the date or location of the program.

Cancellations are easy – full refunds are given: Your full registration fee will be refunded if you give us notice no later than the close of business (4:45 p.m. EST) on the day prior to the date of the program for which you registered. To cancel, write the CLE Registrar’s Office at One Elk Street, Albany, New York 12207; or fax (518) 487-5618; or call (800) 582-2452. If you do not cancel and do not attend the program, a complete set of materials will be forwarded to you in consideration of the registration
fee. Non-registrants may purchase program materials after the final program date.

MCLE Credit: This program is acceptable for MCLE credit in New York and many other MCLE jurisdictions.

Tuition Assistance: NYSBA members may apply for tuition assistance to attend this program, based on financial hardship. Under that policy, any member of our Association who has a genuine financial hardship may apply in writing, not later than five working days prior to the program, explaining the basis of his/her hardship, and, if approved, may receive tuition assistance, depending on the circumstances. For more details, please contact our CLE Registrar’s Office at (800) 582-2452.

Non Members - Join the NYSBA and enjoy great discounts on CLE seminars, products, and other valuable NYSBA services. NYSBA members can save 30 percent or more over non-members on CLE seminars alone. Join now and take advantage of NYSBA membership discounts throughout the year.

If you wish to join, please contact NYSBA Membership Services at (518) 487-5577 and an application will be sent to you.

Tape Recording of NYSBA Seminars is not permitted.

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MCLE CREDITS

* 7.0 TOTAL CREDITS
3.5 Professional Practice; 2.5 Skills; 1.0 Ethics.

* Please be advised that the brochure had a typographical error.  The credits listed above are the correct ones.

This course has been approved for MCLE credit in New York for all attorneys, including newly admitted (less than 24 months).

This program has also been approved for MCLE credit by the State Bar of California and the Pennsylvania Continuing Legal Education Board for 5.5 credit hours of substantive law and 1.0 credit hour of ethics. All inquiries regarding MCLE credits may be directed to (518) 487-5606.

This course includes 1.5 credit hours for the Continuing Professional Education (CPE) requirements of New York and New Jersey CPAs. Sponsor numbers: New York: 000026; New Jersey: 20CE00099900.

The New York State Bar Association’s Committee on Continuing Legal Education has been certified by the New York State Continuing Legal Education Board as an accredited provider of continuing legal education in the State of New York.

IMPORTANT NOTICE: PARTIAL CREDIT FOR PROGRAM SEGMENTS NOT ALLOWED. Under the New York State Continuing Legal Education Board Regulations and Guidelines, attendees at CLE programs cannot receive MCLE credit for a program segment unless they are present for the entire segment. Persons who arrive late, depart early, or are absent for any portion of the segment will not receive credit for that segment.

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DIRECTIONS

The last day to pre-register online was November 3, 2010.

Members, please login to get member discounts.

Seminar
WC-Registration	$140.00

Seminar
WC-Registration	$190.00

Seminar
WC-Registration	$55.00

Accommodations for Persons with Disabilities:
NYSBA welcomes participation by individuals with disabilities. NYSBA is committed to complying with all applicable laws that prohibit discrimination against individuals on the basis of disability in the full and equal enjoyment of its goods, services, programs, activities, facilities, privileges, advantages, or accommodations. To request auxiliary aids or services or if you have any questions regarding accessibility, please contact Cindy O'Brien at 800-582-2452 or cobrien@nysba.org.