On January 28, 2020, Margaret Ling, AABANY Real Estate Committee Co-Chair, hosted and organized the Lunar New Year Celebration and Networking Event at Chase Bank located at 41-22 Bell Bvd, Bayside, New York.
Over 50 attorneys attended the reception. A lovely buffet was served, and entertainment was provided by master paper cutting artist Mr. Hou-Tien Cheng. AABANY’s Real Estate Committee collaborated with the following organizations to present this event: Queens County Bar Association Diversity and Inclusion Committee; KALAGNY; Big Apple Abstract Corporation; Chase Bank; and Forchelli, Deegan and Terrana, LLP. Margaret Ling, who is both the Co-Chair of the AABANY Real Estate Committee and the Co-Chair of the Queens County Bar Association Diversity and Inclusion Committee, will continue to organize these joint collaborative bar events in the near future.
We thank everyone that attended and wish everyone a prosperous Lunar New Year!
On January 30, 2020, AABANY’s Real Estate Committee hosted a CLE entitled “Understanding Diversity and Inclusion in Our Everyday World.” The CLE and networking event took place at Hanover Bank in Flushing Commons in Queens, and over 25 attorneys attended.
The panel discussion covered all the basics of diversity and inclusion in the workplace and its relevance to the legal profession. The speakers included AABANY’s very own William Ng, Shareholder at Littler, and Shirley W. Bi, Associate at Littler. Margaret Ling, AABANY Real Estate Committee Co-Chair, moderated the event. Attendees received 1 credit in Diversity, Inclusion and Elimination of Bias.
Many thanks to our sponsors, John Pollock and Jimmy Lee, both of Hanover Bank, Littler, Big Apple Abstract Corporation, KALAGNY, and the Queens County Bar Association. To learn more about the Real Estate Committee, go to https://www.aabany.org/page/120 .
On October 28, 2019, the AABANY Real Estate Committee presented a CLE program entitled “Real Estate Fraud and Cyber Security.” The CLE and networking event took place at Anchin Block & Anchin LLP at its Manhattan Headquarters. The event was attended by over 50 attorneys and CPAs. Special thanks to the sponsors: Anchin Block & Anchin LLP; Big Apple Abstract Corp; KALAGNY; Capital One; SDL & GHS Insurance Agency; Ingram, Yuzek, Gainen, Carroll & Bertolotti LLP; Ganfer, Shore, Leeds & Zauderer LLP; Anchin Digital Risk Solutions. Pictured from left to right: Amol Pachnanda, AABANY Real Estate Committee Co-Chair; Russell Safirstein, Partner, Anchin Digital Risk Solutions; Margaret Ling, AABANY Real Estate Committee Co-Chair; Ashvini Persaud, Capital One; Daniel Jacoby, SDL & GHS Insurance; Benny Liu, CPA, Anchin; Larry Litwack, Big Apple Abstract; Jason Ganfer, Ganfer, Shore, Leeds & Zauderer LLP.
On October 2, 2019, the AABANY Real Estate Committee presented the CLE entitled: “Understanding Diversity and Inclusion in Our Everyday World.” The CLE was co sponsored by Flushing Bank, Big Apple Abstract Corp, KALAGNY, and Littler. It took place at Flushing Bank in New Hyde Park, New York and was attended by 40 attorneys. The panelists were AABANY’s very own William Ng, Shareholder at Littler; Samitha Lukose-Khan of Flushing Bank; and Sanjay Nair, Associate at Littler. The CLE was moderated by Margaret Ling, Co-Chair of the AABANY Real Estate Committee. The presentation invoked some powerful and informative discussion specifically on diversity, inclusion and bias in the legal profession.
Pictured above from left to right: Riyaad Khan of Allstate Insurance; Maria Silva of Flushing Bank; Margaret Ling of Big Apple Abstract and AABANY; Thomas Kane of Flushing Bank; Mohammad Yusuf of Flushing Bank; William Ng of Littler; Sanjay Nair of Littler.
On July 23rd, Margaret Ling, AABANY Co-Chair of the Real Estate Committee, presented a CLE event entitled “Due Diligence and the Ethics of a Real Estate Transaction” at Bank of Hope located in Flushing. More than 50 people attended the event, including 16 practicing real estate lawyers. This event was co-hosted by Bank of Hope, KALAGNY, Big Apple Abstract Corp, and AREAA New York East Chapter.
Margaret shared multiple representative cases she handled to remind attendees of the importance of conducting due diligence before a real estate transaction and the obligations of an ethical lawyer. One such case involved a man selling a house, owned by his mother, while she was abroad. Margaret emphasized the duty to know the clients thoroughly. She also discussed wire fraud committed by brokers and how to negotiate with brokers on behalf of the client’s best interests.
We want to give special thanks to Bank of Hope and its staff for hosting the CLE panel and providing delicious food. Also, thank you to the speakers and attendees. One CLE credit in the area of ethics was awarded to attendees. To learn more about the Real Estate Committee, go to https://www.aabany.org/page/120.
On Wednesday, April 3, 2019, Margaret Ling, AABANY Development Director and Real Estate Committee Co-Chair, and Pauline Yeung-Ha, Pro Bono Committee Co-Chair, presented a CLE and networking event entitled “Selling and Purchasing Real Property from an Estate.” The event was hosted by Flushing Bank at their Astoria branch and was co-sponsored by AABANY, KALAGNY, and Big Apple Abstract Corp.
Margaret and Pauline discussed the importance of doing your due diligence when selling or purchasing real property from an estate. They shared horror stories of clients trying to cut corners and scam the system. One story involved a separated husband and wife, where the wife claimed that the husband had passed away and tried to rush the closing on the sale of their house. After some investigation, it was discovered that the husband was alive and well in Greece. The moral of the story was that as real estate attorneys it is imperative to not blindly trust surrogates and extremely important to demand proof of death to prevent future liability and to protect your license.
Margaret and Pauline also discussed the tax implications and other liabilities that accompany the different types of estate structures, which included Joint Tenancy, Tenants in Common, Tenants by the Entirety, Life Estates, and Trusts. They advised that practitioners can save themselves a lot of trouble by taking the time to do their due diligence and by speaking to title companies.
We thank Flushing Bank and its staff for hosting the CLE panel for the evening. Thanks also to the speakers and everyone that attended. One CLE credit in the area of professional practice was awarded to attendees. To learn more about the Real Estate Committee, go to https://www.aabany.org/page/120.