Title Matters

Latest Articles

Len Berkowitz Shares 1031 Tips

Our own Len Berkowitz breaks down exactly how 1031 can help property owners save.

Tova Herskovitz

October 19, 2018

Behind the Title: Meet David Berney

Meet our Director our Sales David Berney

Tova Herskovitz

October 08, 2018

Here's To Kidding Around

Riverside Abstract helps out working parents and hosts a daycamp for the children of our loyal staff.

Shaul Greenwald

September 17, 2018

Leaving Millions on The Table?

The high cost of not using cost segregation.

Reuben Goldbaum

July 19, 2018

Behind The Title: Meet our CEO, Shaul C. Greenwald

Learn about the people on our team; see who is the person behind the title.

Tova Herskovitz

June 28, 2018

Top Ten Questions on Cost Segregation

Got questions on cost segregation? We have answers. Read on to learn what cost segregation is all about and how it can give you huge savings on your property.

May 22, 2018

The 2017 Tax Savings You Don't Want To Forget

Stressing over your 2017 taxes? Don't forget that you can still save on taxes with this special tax law.

David Gorenberg

April 12, 2018

Malibu Madness

Read how some property owners had to learn about easements & public access the hard way!

January 22, 2018

Special Rules for end-of-year 1031 Exchanges

As the end of the year approaches and tax deadlines loom, many investors have the same concern: Do I have enough time to complete a 1031 exchange?

David Gorenberg

November 15, 2017

Riverside Holiday Party 2017

On behalf of the entire Riverside Family we would like to take this opportunity to thank all of the over 1,500 guests for making last night's reception a spectacular success.

November 10, 2017

Riverside TACS presents a Free Cost Segregation and Cybersecurity Seminar

Protect your Network, Protect Your Wallet

Riverside Abstract is focused on giving our clients peace of mind. Our goal in every transaction is to ensure that owners and attorneys can close with confidence.

July 27, 2017

All for One & One for All! Part II

Read part two of a fascinating case study regarding partners’ ownership structure in a 1031 exchange.

David Gorenberg

May 16, 2017

All for One & One for All! Part I

Read Part 1 of case study delving into the potentially complicated laws surrounding partnerships in a 1031 exchange.

David Gorenberg

May 15, 2017

Why Go Shopping, When You Can Buy The Whole Mall?

When a borrower defaults on a loan there are several options available to the lender to recoup their loan. How the lender chooses to proceed can have implications in regard to the title of the property.

Elliot Schon, Esq.

May 08, 2017

Riverside 1031's David Gornberg Discusses Like Kind Exchanges on Wharton Business Radio Siruis Channel 111

Riverside 1031 Vice President & Counsel David Gorenberg appeared on Wharton Business Radion

May 02, 2017

The Riverside Pesach Carnival

Enjoy three days of fun at the Riverside Pesach Carnival!

April 10, 2017

Riverisde's 6th Annual Chanukah Event

Thank you for making our annual Chanukah event a huge success.

January 02, 2017

Riverside Holiday Party 2016

Riverside Holiday Party 2016 Photos

November 18, 2016

Don’t Be Afraid of Foreign Investors, or Investing Overseas

With the world economy in flux, a couple of interesting trends have presented themselves in the world of 1031 exchanges. First, US citizens are investing in foreign property. Second, foreigners are investing in US property. Each of these scenarios presents its own unique challenges for 1031 exchanges.

David Gorenberg

October 31, 2016

Playing 1031 Jenga™? Don’t let the deal collapse!

The essential question is whether the taxpayer can live in one of the units in a multi-family property and still participate in a valid 1031 exchange.

David Gorenberg

August 04, 2016

David Gorenberg's 1031 Q&A on Wharton Business Radio on Sirius XM

David Gorenberg and Professor Bob Lane of Wharton Business School discuss 1031 tax deferred exchanges and answer questions from taxpayers.

July 15, 2016

A Tank Full of Trouble

In the winter of 2015, Ivan Braxton* was looking into purchasing a property located in NYC that was on the market for a little more than $11,000,000. The building was a pre-war, walk-up with 24 units and had an old oil heating system. The current owner was a notorious skinflint and had a history of running apartments into the ground.

Elliot Schon, Esq.

June 09, 2016

Don’t Handcuff Your 1031 Exchange

One of the most asked questions in 1031 exchanges involves property that was acquired by two or more people in a single limited liability company (LLC). Invariably, when the time comes for the parties to sell this property, one or more of them wishes to part ways with the rest of the crowd.

David Gorenberg

June 02, 2016

Commercial Property Buyers Beware: Don't Get Soaked!

As investors and attorneys know Riverside Abstract is at the forefront of the title industry, providing cutting edge support and assistance to make sure each deal closes smoothly. Riverside has formed a longstanding relationship with New York Water Management to help clients reduce water bills and help remove water related violations.

However, not everyone knows that water bills can play an outsized part in the world of commercial real estate, because in many areas water bills are similar to property taxes in that they are subject to government liens.

May 26, 2016

Mineral Rights As Clear As Mud

Savvy investors know that profitable real estate investments exist across the country, not just in regional hotspots like NY or NJ. What they don't know is that new investment areas have new different pitfalls, obstacles and issues that can crop up when investors venture into deals outside their normal geographic comfort zone.

Aryeh Lazarus, Esq.

May 19, 2016

Now You (LL)C Me, Now You Don't

When a Corp. or LLC is the seller of a property, the privacy it offers obscures the identity of the owners. Therefore, the title company needs to ascertain who the entity's actual shareholders or members are.
At Riverside, our highly skilled staff are trained to see beyond the paper and to be alert for red flags that may indicate fraud. There are instances where the operating agreement seems off or is presented by a law firm or individual that we are not familiar with. In that case, we will take a deeper dive into the identity of the LLC.

Elliot Schon, Esq.

May 12, 2016

The Deed is In The Mail!

In conference rooms, offices, and even living rooms around the country, the closing table is a place where much is at stake. Payoffs, per diems, and a myriad of other matters may be hashed out among the buyer seller, and lender, all sitting at the same table.
The stakes are greater when the parties are potentially thousands of miles apart, yet expect closing to be completed with the same ease and efficiencies. How is it possible?

Aryeh Lazarus, Esq.

May 05, 2016

Don't Slip Up on ECB Violations

The scariest thing about environmental issues in the city is not the sticky black gum spots on the sidewalk, the subway stalagmites or the pizza eating rats. At least for real estate investors the scariest thing is the NYC violations that are issued by a whole gamut of NYC agencies.

Elliot Schon, Esq.

April 14, 2016

The Long Island Dupe

There are many reasons why a buyer should purchase title insurance when they purchase real property. Besides for the myriad benefits and security that the title search process provides, ultimately the main reason for title insurance is to protect the purchaser in the case of a claim made against your newly purchased property

Elliot Schon, Esq.

March 11, 2016

Riverside Snowman Contest 2016

Our snowman contest was a huge success. We received hundreds of snowcreation photos from all over, including one from the beach. We are excited to present a sampling of the best.

March 07, 2016

Only Two Things Are Certain, Death and Taxes... (and Water)

A water bill, tax feud and a some crafty diplomats! Read how a runaway tenant washed this owners cash down the drain!

Elliot Schon, Esq.

March 03, 2016

1031 Secrets The IRS Doesn't Want You To Know

Investors commonly use 1031 exchanges to defer capital gain taxes by exchanging their property for other like-kind property. However, few investors realize that their sales proceeds can also be used to pay for construction costs and to make capital improvements to a replacement property.

February 23, 2016

Spear Phishing, Wires, and Fraud. Oh My!

The potential for cyber and socially engineered attacks grows larger everyday. It is imperative to know how to deal with cases of potential fraud. At Riverside, we have strong policies in place to protect our clients and prevent these types of fraud

February 18, 2016

New FIRPTA Rules Drive Withholding Rates Higher

FIRPTA is the the Foreign Investment in Real Property Tax Act. It requires tax withholding, reporting and record retention obligations on buyers (“transferees”) of U.S. real property interests when the seller is a "foreign person".

Aryeh Lazarus, Esq.

February 02, 2016

The Longest Divorce

Gabriel and Crisitina were married for 20 years, living the life, jetting between their homes on both sides of the Atlantic.
It was all perfect, except for one thing: He had secretly divorced her just months after their wedding, in an apparent attempt to shield his assets.
Concurrent estates, divorce chicanery, and deeds all add up to a mind-boggling story.

Elliot Schon, Esq.

January 26, 2016

Why New York City Will Ride Out a Downturn

Strong job growth, obsolete spaces, and insufficient supply will all allow NYC to weather the imminent down turn. Read about the discussion at the recent The Real Estate Principals Group gathering sponsored by Riverside Abstract.

January 15, 2016

8/2016 UPDATE: Department of Treasury Expands FinCEN Targeting Order

Department of Treasury Expands FinCEN Targeting Order

Chaim Zlotowitz, Esq.

January 13, 2016

Mentally Ill Man Steals a Baseball Stadium

File this one under crazy but true. In San Diego, a mentally ill man, Derris Devon McQuaig, took ownership of the Padres stadium Petco Park.

Elliot Schon, Esq.

December 30, 2015

Riverside 1031's Mike Brady Esq. published in the Suffolk Lawyer

With interests rates remaining low and the economy improving- commercial property values continue to rise. Property owners looking to leverage their properties to build or shift their portfolios face signifcant tax hurdles, Read more to learn more how to overcome these tax obstacles.

December 08, 2015

Riverside Seminar/CLE on 1031 Reverse Exchanges

Mike Brady, lead counsel and 1031 exchange specialist gave a in-depth look into the complex world of Reverse Exchanges.

December 03, 2015

Riverside Abstract Holiday Party 2015

Riverside Abstracts Annual Holiday Party @ Artbeam

November 23, 2015

Fidelity/Riverside CLE

Riverside Abstract is always on the forefront of changes in the title industry. We were honored to host Mary Jane Keyse, State Regulatory Counsel and Senior Agency Counsel for Fidelity National Title Group. She gave a very informative CLE seminar on the new Loan Estimate and Closing Disclosure as well as other aspects fo the upcoming TRID legislation that is scheduled to go into effect on October 3rd, 2015.

July 16, 2015

A Brief History of TRID

By now most of you have heard of the upcoming changes in the title and settlement industry. Terms like CFPB and TRID most likely have come across your screens in emails and on websites.

July 01, 2015

New York State Aggressive New Mansion Tax Policy

Recently, NYS has become much more aggressive and is auditing purchases as far back as 3 years from date of purchase to assess potential mansion tax. We will discuss some of the implications of this renewed effort to collect mansion tax.

June 19, 2015

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