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 (888) 98 NY LAW. Being knowledgeable and experienced with foreclosures, we will provide you with the assistance you need.