Bankruptcy is a legal status of a person or other entity who cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.
A judgment is a court order that is the decision in a debt collection lawsuit. The the judge may award the creditor or debt collector a judgment against you, if you ignore the lawsuit.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.
The real estate closing process is when the home is officially transferred from the seller to the buyer. Note that although Anadel is a licensed real estate broker, she cannot be your closing attorney and broker in same transaction
A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution.
Appear on behalf of attorney in real estate closing, court appearance and/or deposition.
Chapter 7: If you owe more than you can liquidate your debt by retaining us to file Chapter 7.
Chapter 13: If you have money but not sufficient to pay all your bills, we can create a payment plan through the court, which will prevent creditors from seizing your assets.
Collection Letter:- Contact us to negotiate debt on your behalf.
Collection Lawsuit: Contact us upon receipt of the lawsuit so we can interpose an answer on your behalf.
Failure to Answer Lawsuit: A judgment will be entered against you and your check will be garnished as well as your bank account.
Foreclosure Demand Letter: Contact my office immediately, foreclosure attorney has been retained by bank.
Foreclosure Lawsuit: Contact our office immediately, the lawsuit must be responded to or bank can obtain a judgment against your home.
Foreclosure Motion: Contact our office immediately, bank is making a request to the court to appoint a person to sell your home.
Foreclosure Sale: Contact our office immediately so we can assist you in stopping the foreclosure sale if possible.
Forbearance: Pay back your past due payments to the bank in a period of 6 to 12 months.
Modification: A process in which the bank places all arrears back into the loan and creates a newest payment schedule.
Sell Your Home: A homeowner can sell their home and pay bank in full.
Refinance: If the homeowner qualifies for a refinance, they can also pay the bank in full.
Short sale: The process in which the homeowner sells the home for less than house is worth. Bank will sometimes approve move out fee. The Bank, not the homeowner, decides how much the house will be sold for.
Deed in Lieu: Homeowner signs his deed over to the bank, in return bank agrees not to foreclose on homeowner or to go after them for any money.
The homeowner becomes the tenant. After your home is sold, you must be served with a (10) day notice. Then they must file a eviction case against you in landlord tenant court. Contact our firm so we can defend you. The new owner may provide money to move. The landlord tenant court may provide 30 to 60 days to move depending on the circumstances.
1. Find a home.
2. Tell your realtor Anadel Canale is your attorney (631) 414-7040. Note that although Anadel is a licensed real estate broker, she cannot be your closing attorney and broker in same transaction.
3. Anadel will obtain contract.
4. Anadel will obtain title report make sure home is free of liens.
5. Anadel will prepare home for closing
1. Find a buyer through a realtor or sell yourself.
2. Contact Anadel to prepare your contract of sale (631) 414-7040. Note that although Anadel is a licensed real estate broker, she cannot be your closing attorney and broker in same transaction
3. Anadel will forward contract of sale to buyer's attorney.
4. Anadel will review title ordered by buyer.
5. Anadel will schedule the closing.
In order to protect your love ones everyone should have a last will & testament. A simple Will advises everyone of your intentions after death. Specifically, who should be the beneficiary of your real and personal property. It also advises your love ones of your wishes if you are unable to make decisions due to being incapacitated. Decisions like whether you want to be resuscitated or kept living through use of machines.
This website is for informational purposes only. Using this site or communicating with Anadel Canale P.C. through this site does not form an attorney/client relationship. This site is legal advertising.
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