It is essential that a small business keeps its corporate records current. All small businesses that are incorporated in the State of New York receive a “corporate book”. This corporate book is comprised of the corporate seal, basic by-laws and articles of incorporation. Under the Business Corporation Law of New York, when you incorporate in …
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You have retained an attorney to represent your interests and now you want to know how involved you should be. You don’t want to be a bother. You keep thinking about facts that may or may not be important to aid in your matter. You are concerned about the cost you may incur by taking …
What Homeowners in Foreclosure Should Know… Part 6… My home has a foreclosure sale date, now what? Once a foreclosure auction date has been set by the Referee, and properly published, most homeowners fear they must immediately pack their bags and move out. This is not the case. Firstly, there are a few ways that …
The Pre Requisites to Commencing Homes are expensive. Most people save up for years before they can even think about purchasing a home. Life’s ups and downs can cause someone’s financial situation to change, and the home they’ve worked so hard to obtain may be in jeopardy. Many homeowners do not understand their rights when …
What Homeowners In Foreclosure Should Know… Part 1 Read More »
The Action has been commenced, now what? Assuming that your legal counsel has reviewed all the relevant documents and advised that the foreclosure has been properly commenced, now what? Foreclosure actions are often lengthy, and it is imperative that you retain legal counsel with knowledge of the proper procedure and applicable laws and regulations. First, …
What Homeowners in Foreclosure Should Know… Part 2 Read More »
What is a Referee? If you had applied for a loan modification or other loss mitigation option and did not qualify, and the Court agrees with the determination, the foreclosure then continues. It should be noted that the Lender has an obligation, enforced by the Court, to negotiate in good faith during the loss mitigation …
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What other options do I have? It is important to take a step back from the foreclosure to address any other options you may have. At this point, you are out of settlement conferences as no modification was able to be worked out, and a Referee has been appointed to compute the amount owed to …
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If you’ve come to the conclusion that no loss mitigation option is right for you, the foreclosure process in the Courts continues. Either the Motion for Summary Judgment or the Order of Reference once granted will result in the Court appointing a Referee to compute the amount owed and due to the lender. As anuninterested …
What Homeowners in Foreclosure Should Know… Part 5 Read More »
My home has a foreclosure sale date, now what? Once a foreclosure auction date has been set by the Referee, and properly published, most homeowners fear they must immediately pack their bags and move out. This is not the case. Firstly, there are a few ways that the foreclosure auction date may be able to …
What Homeowners In Foreclosure Should Know… Part 6 Read More »
Have you had an offer to purchase a co-op accepted by the seller, only to go before the Board and bedenied? Are you unsure as to why because you have some money in the bank, retirement accounts, and earn a good living? This happens more often then people think, and they are often left puzzled …
