Tag Archives: Current Events

To Our Current, Former & Prospective Clients in these Uncertain Times:

As we continue to navigate the uncharted path of the COVID-19 pandemic and the ongoing efforts to curtail the spread of the virus, we at Gesmonde, Pietrosimone & Sgrignari want to share some important information with you. We want to assure all of you that we remain open for business. While we are conducting most… Read More »

REAL ESTATE CLOSINGS PROCEEDING DURING THE CORONAVIRUS PANDEMIC

People all over the world are grappling with the daily, and even hourly, disruptions to our normal routines brought on by the coronavirus and the COVID-19 illness. These disruptions have reached into all facets of people’s personal and work lives, and likewise have had tremendous effects on the business world. As of this writing, there… Read More »

From the GPS Management Team re: Covid-19 Pandemic

As we navigate the unchartered path of the COVID-19 pandemic and acclimate to local, state and national efforts to curtail the spread of the virus, we at Gesmonde, Pietrosimone & Sgrignari want to share some information with you: First, we want to assure all of our clients that we remain open for business, and will… Read More »

SUDDEN ACCELERATION IN TESLA VEHICLES: FACT OR FICTION?

Recently new allegations of unintended sudden acceleration in Tesla vehicles have made national headlines. The National Highway Traffic Safety Administration is reviewing a petition that alleges that Tesla models experience sudden unintended acceleration which results in dangerous situations. The Agency is reviewing the petition, which references 127 separate complaints with 110 crashes and 52 injuries…. Read More »

FHA AND CONFORMING LOAN LIMITS INCREASED FOR 2020

  Both the Department of Housing and Urban Development (HUD), for FHA loans, and the Federal Housing Finance Agency (FHFA), for conforming loans purchased by Fannie Mae and Freddie Mac, have announced increases in the applicable loan limits for 2020. We wrote about the loan limits applicable in 2018 in this blog post [Read More]…. Read More »

AUTONOMOUS VEHICLES: CRASHING INTO CONNECTICUT

In the last two years I have written several blogs on the safety risks inherent in autonomous vehicles: The Future is Here Technology with Risks Safety at Risk The common thread reveals technological advances that carry with them inherent safety risks. These risks, whether caused by inadequate safety risk assessments or failure of the vehicle… Read More »

AUTONOMOUS VEHICLES: SAFETY AT RISK

In previous blogs I wrote about the emerging trends in autonomous vehicles, and the risks inherent in the new technology. [GPS Blog – The Future is Here] [GPS Blog – Technology with Risks]. I specifically referenced well publicized accidents involving the autonomous vehicles, and the rapid response of the potentially liable parties in reaching settlements… Read More »

OPPORTUNITY ZONES – AN UPDATE

Opportunity Zones were implemented as part of the 2017 revisions to the Federal tax code, and are designed to stimulate investment in lower income or lower opportunity areas of the country.  My prior blog post discusses the basic concept of the Opportunity Zones, and there have been significant developments over the past year. Each state… Read More »

TOBACCO 21 BILL- TOBACCO USE BY MINORS IN CONNECTICUT

A growing concern regarding the use of cigarettes, tobacco products, electronic delivery systems and vaping products amongst minors recently led to a Public Act in which the sale of such products is prohibited to those persons under the age of twenty-one (21) years old, raised from the previous age of eighteen (18). [Public Act No…. Read More »

HUD CONTINUES TO EASE ACCESS TO FHA LOANS FOR CONDO PURCHASERS

The United Stated Department of Housing and Urban Development (HUD) administers the mortgage loan program offered under the Federal Housing Administration (FHA). FHA loans are generally easier to qualify for than conventional loans, and require a lower credit score than most conventional loans. FHA loans also only require a 3.5% down payment, a portion of… Read More »

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