Home buyers will pay premiums for homes they perceive are located in country club communities. Subdivisions with attractive names such as pleasant, acres, hills, estates and heights are utilized by real estate professionals to motivate homeowners to purchase in these communities. The naming of a neighborhood is now a major consideration in the marketing of homes.
Investigate Before You Buy
Just because a subdivision or neighborhood has a fancy, slick name does not mean it is a fancy or attractive neighborhood. Before purchasing a home, you should look into the infrastructure of the area. Schools, parks, recreational facilities, senior facilities, crime in the area and services provided the local communities are significant issues to be investigated prior to purchasing a home. Due diligence requires that you investigate in detail before you purchase a home. Drive around the neighborhood. Talk to neighbors. Come to the area at various times of day or night. See how far the schools are from your home. Check with the various rating services as to the quality of the schools. Look into criminal statistics for crimes in the area. Look carefully before you leap when you buy a new home!
Defending Foreclosure Proceedings
The Law Offices of Schlissel DeCorpo handles foreclosure defense for homeowners. We litigate all aspects of foreclosure proceedingsincluding, but not limited to, defective foreclosure lawsuits,defective mortgages, predatory lending issues, bad faith, and other real estate legal issues. We attend foreclosure court conferences for the clients we represent. We also assist our clients in the preparation of mortgage modification applications, as well as deal with mortgage modification programs that are unresponsive to our clients’ needs.
In certain situations, foreclosure related bankruptcies can be utilized to stop foreclosures from moving forward. Upon filing either a Chapter 7 or a Chapter 13 bankruptcy, the bankruptcy court issues an automatic stay that stops the foreclosure lawsuit from moving forward. It should be noted that bankruptcy proceedings are brought in the United States Bankruptcy Court, while foreclosure proceedings are brought in New York State Courts.
For our clients who file bankruptcy, we can sometimes eliminate second mortgages. We also can assist our clients in re-establishing their credit after filing bankruptcy. Should you have questions as to what type of bankruptcy would be appropriate for you or whether there is other alternatives related to foreclosure defense, feel free to contact us. At your initial free consultation, we will discuss all of your foreclosure options. We look forward to seeing you again on our foreclosure blog.
