The courts in NYS, under certain circumstances, are required to appoint a fiduciary (guardian, receiver, executor, etc.) to handle the sale of real estate. The individual or attorney is required under Part 36 of the NYS Court system to follow constraints and procedural rules that govern the selection of real estate professionals for approval. However, no New York State law universally requires a lawyer to use a “Part 36” real estate broker/agent (or any particular broker) in every case involving indigent individuals, nursing home residents, or decedents’ estates. It generally occurs when a court is appointed and gets involved in handling the process. · What is “Part 36” in NY: · Part 36 of the Rules of the Chief Judge governs “Appointments by the Court”(e.g. guardians, receivers, counse... 10/10/2025

Here’s a reasoned projection (with caveats) for the strength of the the U.S. housing market in Q4 2025 through 2026 — along with key risks and regional caveats you should watch. (Note: this is not a certainty — it’s a synthesis of expert forecasts and macro trends.) Key Signals & Assumptions Some of the main inputs shaping forecasts: Factor Current / Forecasted Trend Implication Mortgage rates Expected to decline from mid-6 % toward ~5.9 % by end of 2026 per Fannie Mae Fannie Mae+1 Lower rates will re-stimulate buyer demand and make financing more affordable. Home sales volume Fannie Mae projects home sales rising — e.g. from ~4.72 million in 2025 to ~5.16 million in 2026 Fannie Mae+4Business Insider+4Fannie Mae+4 Stronger transaction activity as demand recovers. Price growth / apprecia... 09/29/2025

What effect will an autocratic U.S. have on the housing industry? September 23, 2025   Philip Raices The following is my research and thoughts on what would happen: Government Control over Housing Property Rights: In a true autocracy, private property rights could weaken. The government might impose stricter controls on ownership, limit who can buy/sell, or even seize land for state use (which is already occurring today through Eminent Domain via the Fifth Amendment of our Constitution). Taking property for the benefit of the public. Rent Controls & Price Caps: An authoritarian regime might impose artificial rent controls or home price limits to maintain social stability, which could discourage investment. Housing Development: Large-scale state-directed housing projects (similar to what... 09/23/2025

Owning a home today isn’t just about the mortgage, taxes, and insurance. Other additional variables come into play that add to the ongoing cost of homeownership.  Some may not consider this when purchasing.  Items like weekly and monthly maintenance, exterior services to maintain the outside of one’s home.  These can be handled by the homeowner, assuming they have time.  However, there are those bills that you do not have total control over, such as electricity, heating and water.  Homeowners look at their utility bills and wonder why they are so high.   The problem is twofold.  Many do not conserve efficiently.  Lights left on in rooms, CAC on a lower than necessary temperature, especially when no one is home.  Most modern thermostats can be controlled by your cell phone and can be set... 08/22/2025

  Phil's Home News The purpose of this uplifting newsletter is to provide you with a change of scenery through heartwarming stories, and insightful advice as well as give you a smile for a few minutes. I hope you enjoy!If you know of any local families or organizations that are especially in need at this time, please give me a call or reply to this email. I will do my best to spread the word!   Philip A. Raices Turn Key Real Estate 516-647-4289 Cell 516-829-2205 Office Fax eFax Coming Soon! www.Li-RealEstate.Com   Phil@TurnKeyRealEstate.ComNYS License # 31RA0874656 NYS Corporate License # 109909392 Links You Can Use Now During these hot summer months, it’s pretty essential to take every opportunity to cool down, especially if it involves a delicious frozen treat! Ice cream, popsicles, f... 07/31/2025

As we approach July 4th, or Independence Day, it marks the date in 1776 when the Second Continental Congress formally adopted the Declaration of Independence, announcing that the thirteen American colonies regarded themselves as free and independent states, no longer under British rule.I hope July 4th and the month becomes an Uplifting one for everyone and their Families, friends and business associates. Phil's Home News The purpose of this uplifting newsletter is to provide you with a change of scenery through heartwarming stories, and insightful advice as well as give you a smile for a few minutes. I hope you enjoy!If you know of any local families or organizations that are especially in need at this time, please give me a call or reply to this email. I will do my best to spread the w... 06/27/2025

  Phil's Home News   Philip A. Raices Turn Key Real Estate 516-647-4289 Cell 516-829-2205 Office Fax eFax Coming Soon! www.Li-RealEstate.Com   Phil@TurnKeyRealEstate.ComNYS License # 31RA0874656 NYS Corporate License # 109909392 Quick Quiz Each month I'll give you a new question.Just reply to this email for the answer.How many people were in the line for the world’s longest conga line on skates? Reply to this email Ask the Agent What is a Breach of Covenant? A covenant is a binding contractual agreement between two parties to do or not to do a specified act. Covenants are usually enforceable by the courts if they are reasonable, clear, definite and lawful. A breach of covenant is the failure to obey a previously agreed-upon legal arrangement that was created honestly and in good faith. ... 04/01/2025