Divorcing couples are faced with a wide array of emotional challenging decisions before they can break ties and move on with their lives separately. Divorce comes with a plethora of complicated financial decisions. First and foremost, the divorcing...
A short sale is a process where the bank or lender allows the homeowner to sell off the property for less than what is owed. The homeowner has to find an agent and list the house on the market. With such a transaction, a homeowner hopes...
We have catered to many clients who have relocated before they had a chance to sell off their house. In such a relocation, they have no option but to sell their house from a distance. Naturally, this requires the services of a reliable and experienced...
Credit judgments and liens of title can be extremely stressful situations. There is a bad patch for every homeowner. A financial emergency, a sudden medical burden or even an unexpected unemployment...
Foreclosures lead to a financially crippling situation that leaves a negative impact on your credit report and well being and leaves you homeless if you have no other property. Many homeowners who are struggling against foreclosure have no other assets...
The requirement of a guardianship can arise in multiple ways to facilitate a real estate transaction. If the title is held by a minor through an inheritance, a guardianship will be required through a family court to undertake the transaction...
The value of your property is much less than the outstanding balance on your mortgage. So basically, while you will still be paying that hefty monthly payment to your lender or bank, your house simply won’t be worth it...
In many cases, tenants can withhold rent for numerous reasons, such as income shortages, temporary loss of jobs, or even over a repair and maintenance dispute. When negotiation fails and eviction seems like the only way out, landlords should...
After falling behind on your mortgage payments for several months, the lender will file for foreclosure, which will eventually steer your property towards a foreclosure auction...
As a retired owner with no income stream or employment prospects, it can be extremely challenging to bear the burden of making a reverse mortgage payment in full. It may seem like an attractive idea to take out a reverse mortgage against your house, but..
Both water and fire are major hazards, and any property exposed to these two damages is left completely wrecked. Naturally, as a property owner, your first instinct is to get in touch with your insurance provider. If the insurance is willing to provide...
Buildings and houses that are old and decaying are extremely difficult to manage and maintain. Many homeowners end up spending a significant amount of their income on everyday repairs, leakages and utility maintenance. This money can be otherwise put...
Selling off a damaged home is certainly not an easy process. In a healthy and competitive real estate market, a realtor would advise the homeowner to spend a substantial amount of money on sprucing up the property. Homeowners who...
A tax lien is a lien that is imposed by the state or the federal government on your house or property in order to secure the payment for the taxes you have not paid. It can be imposed to reimburse the government for delinquent property taxes, or...
A dysfunctional partnership is one of the most common consequences of fighting between business owners. It can happen to anyone. You may have embarked upon a lucrative business venture with your friends or relatives, but gradually, things began to turn...
A probate sale occurs when the owner of the property has passed away, and the property needs to be sold off. This refers to the process of liquidating the asset. If the asset has been passed onto you as inheritance, or you have been named as the...
The HPD zombie homes initiative forces maintenance on deteriorated homes and abandoned property in our fine city of New York. This program is designed to tackle the foreclosure crisis that has erupted and adversely impacted countless homeowners, many...
Dealing with a troubled investment property is never easy. An investor has a substantial income and savings tied up in a property. The situation can be financially crippling if the investor has taken out a loan to finance the property. In case of many...
Losing your job while paying off your mortgage loan leads to one of the most challenging financial complications. It creates a turmoil in one’s life as financial institutions and banks expect regular repayments or else, a homeowner faces the dreaded...
If your inherited house comes with a pile of debt and numerous bills, it will definitely trump your sense of loss and sentimental attachment to the property. This requires you to make quick and pragmatic decisions. If you do not wish to keep the...
The New York City’s Housing Preservation and Development initiative is a venture into the housing market. It has highlighted multiple violations, known as HPD violations, which indicate whether your property is environmentally safe and sustainable. The...
New York City’s Department of Housing Preservation & Development (HPD), ever since it was established has been taking an extraordinarily strict approach towards handling building violations. Under the HPD alternative enforcement program, if your...
Over the years, we have handled a wide array of cases where the homeowners are direly in need to sell quickly for personal reasons. These reasons range from divorce, financial complications, the need to inject money into their business, medical bills...
