No lender wants to have to foreclose on one of their borrowers, but it can be unavoidable. When it comes to foreclosing on a borrower, it is always a good idea for a lender to use a real estate attorney in Staten Island New York from start to finish so that they can be sure of the best possible outcome. While many lenders already may be losing quite a bit of money having to foreclose, using a real estate attorney in Staten Island New York can help a lender be sure they follow all of the proper procedure, eventually leading to a better result.
How an Attorney Can Help
In any foreclosure, there are specific rules that have to be followed by the lender for the foreclosure to be deemed proper. If these rules are overlooked, even accidentally, there can be devastating consequences for the lender, including their case being thrown out. While a lender may want to try to handle a claim on their own in the beginning in order to save money, the ultimate risk of losing a foreclosure case could end up costing thousands, adding even more to the expenses related to the foreclosure.
When hiring a real estate attorney in Staten Island, New York, a lender can be sure that legal counsel will properly handle every step of the foreclosure, from initial notices to auction, so that the case against the borrower is strong and more likely to be handled properly from the very beginning. Having legal counsel makes sure a lender can get the best result in their case, resulting a quicker foreclosure because there is much less of a risk of a technicality keeping there from being a positive result for the lender.
Estate planning can be complex and involve much more than simply just writing a will. Despite what some websites or books may tell you, planning your estate without a wills attorney in Staten Island New York can bring up many issues later on, even to the point where your will is thrown out entirely. The risks associated with doing your own will could even result in your estate being distributed as if you died intestate, regardless of what your wishes are. The best way to plan any estate is to work with a wills attorney in Staten Island New York.
Don’t Let Your Will Be Thrown Out
Writing a will is only part of what you have to do to be sure that your wishes are followed after you die. You also have to make sure that your will is properly executed according to the laws of New York. This means that you have to have witnesses to your signature who sign individually that you personally signed the will or acknowledged that you signed and that you had the mental and physical capacity to sign your will. Preferably, you would also want your witnesses to validate they witnessed you sign in a notarized statement. Failure to execute the will properly could mean it is thrown out.
Another thing to be concerned about is any potential dispute that may arise as to whether or not someone was using undue influence or duress to have your will be written in their favor. This is often one of the main arguments that someone makes when they are disputing your will and is something that a wills attorney in Staten Island, New York would make sure to have evidence to the contrary to have your desires remain in effect.
Negotiation is not something that many in our culture are good at, mainly because we are not taught early on about what tactics to use. Unlike other cultures, where people learn from childhood how to negotiate, we tend to just enter into transactions based on price, not based on bargaining. However, when it comes to contracts, it is best to have a thorough all parties have strong representation behind them in the form of a contract attorney in Staten Island New York. Having a contract attorney in Staten Island New York assures that someone who has been educated in the best tactics to use when negotiating works hard for you and what is important for you in your contract.
There are limited careers where the art of negotiation is second nature. Some examples of this would include real estate developers, car dealers or general contractors. Individuals in these fields have to deal with negotiations every day, meaning that negotiation is second nature to them. If you are someone who is doing business with someone in one of these fields, you could end up on the wrong side of a bad deal, especially if you do not understand how to be sure what to do to make the deal swing more your way. While you may not want an attorney to help buy a car, with a contract attorney in Staten Island, New York, you can have someone on your side who is equally well versed in negotiation skills as the people you would normally contract with. Through this, you can make sure that you have your interests heard when you are coming up with a contract, meaning you have a much better chance of reaching an agreement that is fair for you.
Not sure whether hiring a real estate attorney in Staten Island NY is worth it? While it might seem like a good idea at first to save costs by bypassing the hiring of a real estate attorney in Staten Island, you’ll be surprised to know that in the long term, the hassle and expenses associated with real estate transactions make the hiring of an attorney one of the best investments and a guaranteed return on your money due to the fact that these transactions can get tricky real quick and you don’t want to run the risk of going into these transactions unprotected.
If you think you might need help from a real estate professional, then you should know the main reason why people hire a real estate attorney is because the process of buying a house is complex, and generally speaking, most people find that the help of a professional can help them get through the buying process more smoothly. Another reason is the fact that real estate attorneys usually have good relationships with the realtors and can advise you on whether or not the particular realtor that you are dealing with can be trusted.
Finally, even though every state has its own set of real estate laws, some people might be more comfortable getting the help of a real estate attorney when it comes to finalizing the contract just to make sure that it is complying with local and state laws. It is not a secret that the process of buying a house can get expensive real quick, but it is better to be protected in case of any discrepancies and the help of a real estate attorney can be extremely valuable.
If you have head the term “CEMA” or “CEMA” transactions before, it is possible that you might currently be interested in getting a mortgage loan. New York CEMA transactions basically refer to a law that says that the borrower of a mortgage loan secured by real estate may be exempt from recording tax by using taxes previously paid against the property. New York CEMA transactions are put in place in order to promote savings on taxes but they do have a downside, which is the cost and the length of the process associated with these transactions.
Let’s clear the air first, CEMA stands for Consolidation Extension and Modification Agreement and basically what it is, it is a document that enables consumers to use Section 255 of the New York State Law in order to reduce their mortgage tax in purchasing or refinancing transactions. Generally speaking a CEMA transaction will be used to decrease the cost of the total tax paid on a mortgage for both the borrower and the lender, thus reducing the total amount paid on the mortgage over time. A CEMA transaction can –and will reduce the total amount both parties have to pay on these specific mortgage transactions by combining old and new liens.
If you are currently considering using this document to reduce the total tax paid on your mortgage transaction then the assistance of an experienced and educated attorney can be of extreme value when it comes to securing your CEMA. Guidance along the way and knowledge of the regulations and laws regarding CEMA are a common necessity in these real estate transactions. Remember that a CEMA transaction must be used only in the correct situations and in certain counties, so the valuable advice of an experience firm can help make the difference.