Real Estate Attorneys

As an attorney involved in real-estate law, I’d like to tell your readers not to burn their paid mortgages (”The Mortgage Is Paid Up. Hurrah?,” Opinion page, Aug. 6).

As an attorney involved in real-estate law, I’d like to tell your readers not to burn their paid mortgages (”The Mortgage Is Paid Up. Hurrah?,” Opinion page, Aug. 6).

Under New Jersey law, before the lender sends the paid mortgage to the homeowner, the lender is required to offer the homeowner the option of having the lender cancel the mortgage of record in the local land records or let the homeowner do it himself.

Once canceled of record, the mortgage will no longer appear as a lien against the property. When canceled of record, that fact normally appears in a stamped legend with the name of the county clerk and the date of cancellation on the front or back of the mortgage.

Unfortunately, the cancellation option is often not clearly communicated to the homeowner or is misunderstood by him or her. The result is that the paid mortgage is not brought to the recording office by the homeowner and the lien is not properly cleared.

More : query.nytimes.com

A single sentence in this morning’s TIMES serves to awaken many memories of the past, and revive remembrances of men and parties long since crumbled or forgotten. Thus it reads: “Died, on Sunday morning, July 16, at her late residence, Washington Heights, madam ELIZA B. JUMEL, in the 92d year of her age.” [

Source : query.nytimes.com

Catherine Campbell Meyer, a financial adviser, was married last evening to Brian Robert Johnson, a lawyer. The Rev. Anthony F. McGinn, a Roman Catholic priest, performed the ceremony in the chapel of the Academy of the Sacred Heart in New Orleans.

Mr. and Mrs. Johnson, both 28, met at Tulane University, where the bride received a bachelor’s degree and an M.B.A. and the bridegroom a law degree.

Mrs. Johnson, who is known as Cappy, works in New York at Morgan Stanley, the investment bank. She is the daughter of Jane and Conrad Meyer IV of Metairie, La. Her father is a partner in Baldwin & Haspel, a New Orleans law firm, and is an adjunct professor of real estate law at Tulane. Her mother is a real estate agent in Metarie.

Mr. Johnson is an associate at Schulte Roth & Zabel, a New York law firm. He graduated from Dartmouth. He is the son of Carol Anne Johnson of Wharton, N.J., and Robert H. Johnson of Sarasota, Fla., and the stepson of Diane Johnson. His mother teaches computer skills at the Thomas Jefferson Middle School in Rockaway, N.J. His father is a scout for the Oakland Athletics baseball team.

More : query.nytimes.co

One of the most famous sales of New York realty will be the offering of the great Pinkney estate, founded by old Commodore Archibald Watt a century ago, in the Vesey Street Salesroom by Joseph P. Day next week, on May 15, 16, and 17. Never, perhaps, has there been such a large offering of Manhattan property through the public auction market at one time.

Source : query.nytimes.com

The contract for the steel towers and end spans of the new East River Bridge was signed yesterday with the New Jersey Steel and Iron Company. The price to be paid is $1,220,230, which is $10,786 more than the lowest bid — that of the Pennsylvania Steel Company.

Source : query.nytimes.com

Two members of the Rockefeller family, David Elliman and his brother, Christopher J. Elliman, have teamed up with Cynthia Flowers and Arthur S. Penn to form a registered investment advisory and management firm called Stillrock Management. Since 1981, David Elliman has been running a firm called Elmrock Inc., devoted exclusively to the financial affairs of the

Two members of the Rockefeller family, David Elliman and his brother, Christopher J. Elliman, have teamed up with Cynthia Flowers and Arthur S. Penn to form a registered investment advisory and management firm called Stillrock Management. Since 1981, David Elliman has been running a firm called Elmrock Inc., devoted exclusively to the financial affairs of the Rockefeller family.

”For the first time, outsiders can come in and participate in what has worked for the Rockefellers over a long period of time,” said Ms. Flowers, who is president of the firm.

There is a catch. Your name may not have to be Rockefeller to participate but you must have at least $1 million to invest, not just be worth a million. ”A million in net worth doesn’t go very far these days,” Ms. Flowers said.

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: If the Presidential candidacy of Senator Albert Gore Jr. of Tennessee is indeed in any jeopardy, it was hard to detect it in the ebullient mood of the crowd at the Pierre Hotel last night.

If the Presidential candidacy of Senator Albert Gore Jr. of Tennessee is indeed in any jeopardy, it was hard to detect it in the ebullient mood of the crowd at the Pierre Hotel last night.

More than 300 Gore supporters had paid $1,000 a person for cocktails and dinner, and the some 260 people who attended the party were in no mood to hear that their candidate might not win the Democratic nomination.

As Tom Tisch, the son of Laurence A. Tisch, said over cocktails: ”We have to convince people that a vote for Gore is not a vote for Jesse Jackson, and I feel a big turnaround in New York in the last few days.”

Mr. Tisch described his man succinctly: ‘’smart, understanding, decent and tough - the Bill Bradley of the South.”

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Gov. Odell to-day characterized the story that his friends and the friends of Senator Hanna were desirous of having him take the Chairmanship of the National Republican Committee as nonsense.

Source : query.nytimes.com

Herbert Spencer Colton, a retired Washington lawyer who specialized in housing and real-estate law, died on Monday at his home in Chevy Chase, Md. He would have turned 91 on Wednesday.

The cause was heart failure, said Peter W. Segal, a longtime law partner.

As an expert on the legal aspects of home building and financing, Mr. Colton counseled the National Association of Home Builders and similar groups throughout the country. He played a role in establishing Holiday Inns of America and Manor Care Inc., a holding company for nursing homes and lodges based in Silver Spring, Md., of which he was a president and vice chairman.

Born in Covington, Ga., Mr. Colton was reared in Brooklyn and graduated from Cornell University and Cornell Law School. He practiced law in New York City for six years before moving to Washington in 1936 to become chief counsel to the rental-housing division of the newly created Federal Housing Administration.

He helped to shape the division’s legal structure. He resigned in 1946 to go into private practice. From 1964 until his retirement in the late 1980’s, he was a senior partner in the Colton & Boykin firm in Washington.

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Courses of instruction in real estate will again be provided this Fall and Winter by both the West Side Branch of the Young Men’s Christian Association in Manhattan and the Bedford Branch in Brooklyn.

Source : query.nytimes.com