LocalLawyerNY.com offers two distinct packages: a complimentary option and a Featured Package. The Featured Package, priced at $69 monthly, provides lawyers with enhanced visibility, priority in listings, broader practice area coverage, and a standout profile position to boost their online presence and draw potential clients. On the other hand, the LocalLawyerNY.com directory, available at no charge, lists basic information about licensed attorneys, including their name, address, year of birth, gender, law school, and year of licensure. Lawyers have the opportunity to augment their profiles with personal and professional details, but they are solely responsible for the accuracy of this additional information. LocalLawyerNY.com does not validate the correctness of these details and offers no assurance as to their accuracy, neither explicitly nor implicitly. The responsibility for the accuracy of this extra information does not fall on LocalLawyerNY.com, its employees, or its agents. It’s important to note that LocalLawyerNY.com is not a lawyer referral service.
Foreclosure is a legal process in which a lender takes possession of a property from a borrower who has defaulted on their mortgage loan payments. The lender then sells the property to recoup the outstanding loan balance.
Foreclosure proceedings typically begin after the borrower misses several payments. The lender will issue a notice of default, giving the borrower a certain amount of time to bring their payments up to date. If the borrower is unable to do so, the lender will begin the foreclosure process.
Foreclosure can have serious consequences for the borrower, including damage to their credit score and the loss of their home. It is important for borrowers who are struggling to make their mortgage payments to contact their lender as soon as possible to discuss their options, such as loan modification or refinancing.
For potential homebuyers, foreclosures can represent an opportunity to purchase a property at a discounted price. However, it is important to do your due diligence and understand the risks involved in purchasing a foreclosed property, such as potential liens on the property or needed repairs.
© 2024 Legal Network LLC. All rights reserved. The content presented on this website should not be considered as legal counsel, and it does not establish an attorney-client relationship or a confidential connection. This website’s attorney listings are advertisements for which attorneys have paid.
© 2024 Legal Network LLC. All rights reserved.
