NOTICE

On September 7, 2004, the New York City Register instituted a policy that a Real Property Transfer Tax Return ("RPT") for the transfer of a cooperative unit must be prepared on the Internet using the New York City Department of Finance's Automated City Register Information System ("ACRIS"). Only RPTs prepared in ACRIS will be accepted for recording.

The State's "Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate and Certification of Exemption from the Payment of Estimated Personal Income Tax (Form TP-584)" can also be completed in ACRIS. Payment of State Transfer Tax will be accepted by the City's Department of Finance.

For a fee of $100.00, Modern Abstract Corporation will prepare both the city and state transfer tax forms, then hand-deliver them to the New York City Register for recording.

Should you have any questions regarding this service, please contact:

ERICA SAMUELS - 212-850-0654 - ESamuels@FirstAm.com
MARIA FASULO - 212-880-0725 - MFasulo@FirstAm.com