Lecturer and Author, The Florida Bar Tax Section and ABA Tax Section

New York City's new pied-à-terre tax imposes up to 6.5% annual surcharges on high-value NYC homes not used as a primary residence. A court order has paused rollout, but Florida residents and foreign owners should act now to review exposure and structuring options.

This article provides practical guidance for mortgage loan sellers and originators evaluating, responding to, and negotiating repurchase demands. It outlines steps sellers can take to respond without waiving any rights under a loan purchase agreement.

Bilzin Sumberg has been shortlisted for the 2026 P3 Awards in the Legal Advisor of the Year.