The Ten Jaw Dropping Long Island Bankruptcy Stories The Rise and Fall of a Real Estate Empire: Once a prominent figure in the Long Island real estate market, a renowned developer amassed a substantial empire of properties. However, due to overleveraging and the burst of the real estate bubble, the developer faced a colossal financial
Preventing Foreclosure: Strategies for Avoiding Home Loss Top 8 Ways To Save Yourself From Losing Your Home Understanding Foreclosure Understanding the complexity of home foreclosure can be an uphill task, especially when you’re on the receiving end. Foreclosure is a legal process where a lender attempts to recover the balance of a loan from
Following mounting public pressure in November and December of last year, on December 30, 2022, Governor Kathy Hochul signed into law the Foreclosure Abuse Prevention Act (“FAPA”) (A7737B). Originally introduced by Senator James Sanders, Jr. of the 10th Senate District on March 8, 2021, FAPA spent nearly two years making its way through New York’s
Making the decision to file for bankruptcy is almost always a tough situation. You might want to pay your debts to your creditors in all righteousness, but sometimes it may just not be possible. If you are in the process of considering your options on how to deal with your mounting debts, this guide will
A contract is a legal agreement between two or more parties that the law permits to be enforceable. To create a contract, one party needs to make an offer with terms and conditions that are accepted by the other party and include the exchange of consideration between the individuals or parties involved in the contract.
Without a doubt, purchasing any type of property is exciting, but it is equally stressful and overwhelming at the same time. You are investing a huge chunk of money and you don’t want to make any wrong decisions. Real estate closings in New York can be complicated, especially for first-time buyers. From submitting the mortgage