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Monthly Archives: November 2018

Do You Need a Real Estate Attorney to Close a Deal in New York?

Of course, you can legally purchase a property without a lawyer. It is within your legal rights, but it is risky and unusual for a New York real estate deal to move forward without the buyer working with an experienced real estate attorney. In fact, 99% of real estate transactions in the state have attorneys involved representing both the buyer and the seller. If …

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Why Would a Lender Approve a Loan Modification?

Many homeowners struggling with their monthly payment seek a loan modification. When a loan modification is approved most homeowners will see a reduction in the amount of their monthly payment. Some will see a reduction in their interest rate, the loan term or even a reduction of principal. It’s easy to see how a loan modification would be a benefit to homeowners, but how …

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How to Stop Creditor Harassment

Do you feel like you may be a victim of unfair debt collection practices? Are you being harassed by a collector? Are you receiving multiple phone calls from a collector each day? Does the debt collector contact your friends, relatives or employer? Does the collector threaten you? Does the collector use offensive language?

If you answered use to any of these questions, you probably …

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When Should Property Owners Consider a Partition Action?

In order to legally partition a property, you must bring a proceeding in court that forces the physical division or sale of the property and divides the proceeds of the sale between the joint owners. In some instances, it can be an absolute right of a co-owner to partition jointly held property, but in other cases it is contingent on a number of factors.

Do …

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What to Do When You’re Facing Wage Garnishment

Wage garnishment, or having your wages taken to pay off a creditor, is typically viewed as a “last resort” to collect on a debt, but it is more common than you might think. According to a report by ADP Research Institute in 2013, approximately 7% of the 13 million employees participating in their survey had experienced wage garnishment in the last year. The largest portion …

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What is a Loan Modification?

Are your mortgage payments a burden? Do you need a break? You might want to think about seeking a loan modification. Loan modifications can provide relief by making temporary or permanent changes to your loan terms. You don’t need to default on your loan completely; adjustments can be made so you can get back on track without significant damage to your credit score.

What is

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Issues to Consider Before You Sign a Commercial Lease

When you discover the perfect commercial location, the need to act fast can result in hasty decisions with lasting repercussions. If you’re ready to sign a commercial real estate lease for a retail space, office building or other commercial property, take a few minutes to consider the items on this list before you put pen to paper. After you sign the commercial lease, it’s too …

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How to Delay or Stop a Home Foreclosure

Have you missed more than three of your mortgage payments? Has your lender filed a Notice of Default (NOD)? If so, you may think that there’s no way to stop the foreclosure on your home, but even at this late stage, you can get help to avoid foreclosure.

What To Do When You’re Facing Foreclosure:

  1. Negotiate with the Lender: Before your home is actually
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Getting to Know Your Foreclosure Related Documents

Did you know that when you’re looking for answers about your foreclosure, the answers are in your loan and foreclosure documents? Homeowners who are facing a potential foreclosure should remember not to panic or ignore the situation. It’s important to understand what’s going on and that information is found in your documents.

It’s important to understand what is included in your various loan paperwork: …

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Avoiding Common Title Problems

When you purchase a home, it is often life changing. It’s one of the most significant decisions most people make in their lifetimes (both financially and emotionally). Make sure that you are protected when you take the momentous step towards homeownership by avoiding common title problems that many experience during the home buying process.

5 Common Title Problems During the Home Buying Process:

  1. Unpaid Liens:
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