By Brian Figeroux, Esq. In New York, when a foreclosed property is sold for more than the outstanding mortgage debt and associated costs, the excess funds are known as surplus monies. These funds are deposited with the court and can be claimed by individuals or entities with a legitimate interest, such as junior lienholders or […]
By Brian Figeroux, Esq. | Photo Credit: Prostock-studio / shutterstock.com Divorce proceedings can be emotionally and legally challenging, even in seemingly straightforward cases, such as short-term marriages with children. When an individual in New York State dies without having finalized a divorce, especially after a failed marriage lasting less than three years, the implications for […]
By Brian Figeroux, Esq. | Editorial Credit: Andrey_Popov / shutterstock.com A partition action is a legal mechanism commonly used when two or more co-owners of a property cannot agree on what to do with the property. In your case, since you own 50% of a property, and the other party also owns 50%, a partition […]