News: Spotlight Content

As manager and counsel of Liberty Title Agency, Jody Fay balances her interests in law and real estate

As manager and counsel of Liberty Title Agency's Westchester Branch, Jody Fay has discovered a dynamic way to balance her interests in law and real estate that keeps her fully engaged. Fay is an active member and former president of the Westchester Women's Bar Association, vice president of the Women's Bar Association of the State of New York, and a member of the Queens County Women's Bar Association. She has taught in the paralegal program at Westchester Community College and at the Steven Newman Real Estate Institute at Baruch College in Manhattan. Helping other professionals in the business get their certificates at the Institute strongly appealed to Fay. "If I can train more people to be better title people, it's better for the industry as a whole and for the consumer in particular," she said. What Fay has found especially satisfying has been volunteering at Westchester Residential Opportunities, a not-for-profit organization that assists women and the elderly in finding affordable housing. She helped provide first-time home buyers with "Real Estate 101" training, telling them how to look for a home and deal with lenders, and also representing them for free at the closing. "That's my way to do pro bono in real estate, which is not so easy!" Fay said. A self-described "salesperson as well as an attorney as well as a manager," Fay likes to "handle it all." With more than 16 years experience in real estate and title insurance, she has been involved with both commercial and residential transactions, including a $58 million refinancing of Pace University (where she got her law degree) as well as power plants and warehouses. Although she knows that every transaction comes with its own nuances, Fay firmly believes that the level of customer service can and must remain the same. "I am delighted to be part of a team that handles the small residential purchase with the same detail and care as the multi-million dollar commercial transaction," she said proudly. Born in Springfield, Mass., the 41 year old attorney studied political science at Springfield College, where she graduated summa cum laude with a B.A. "Political science was the closest thing to pre-law at my college," she said. "I always knew I was going to go to law school." She had intended to go into international women's rights but since she'd done internships at real estate firms during college, she chose to pursue that legal avenue wholeheartedly once she had a J.D. from Pace University Law School in Westchester. "I ended up in real estate," Fay said, "and I ended up loving it." For Fay, Liberty Title Agency has been a perfect fit. She knows that it's a "difficult time for our industry," but she has the utmost confidence in Liberty Title's co-founder and president Brian Madden and executive vice president, co-founder, and general counsel Al Yorio. She first remembers being impressed by their attitude while they were recruiting her. "I loved their forward thinking," she said. Working at the Westchester branch has been ideal for her. "They give you a lot freedom, and they try to let the entrepreneurial spirit of a person bloom, which works great for me," Fay said. "They're always there when you need them, but they let you take your vision and combine it with theirs and do what you can." And for Fay, matching Liberty Title Agency's superlative record of customer service comes naturally: "You've always got to be in touch with the client and make sure the closing is perfect-from start to finish with all the details," she said. That's the challenge she loves to meet the most.
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.