Foreclosures

Foreclosure is the legal proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner's failure to comply with a mortgage. Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property.  Purchasing properties in foreclosure can be a "risky business" and should not be attempted by the uninformed. Whether you have exhausted direct efforts to resolve your real estate contract disagreements or you want a lawyer to prepare for the likelihood of foreclosure, call the Law Offices of Joseph C. Ranaldo, Esq., at (516) 972-2205. Being knowledgeable and experienced with foreclosures, we will provide you with the assistance you need.