New York Foreclosure Lawyer, New York, page 5

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Michael H. Schwartz

Foreclosure, Reorganization, Credit & Debt, Consumer Bankruptcy
Status:  In Good Standing           Licensed:  42 Years

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Simon Chang

Banking & Finance, Foreclosure, Litigation, Employee Rights
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Robert Sambursky

Foreclosure
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Cecilia Judith Mcgovern

Commercial Real Estate, Foreclosure, Estate Planning, Bankruptcy
Status:  In Good Standing           Licensed:  42 Years

John Manning Crane

Commercial Real Estate, Foreclosure, Litigation, Estate
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Frank Acocella

Foreclosure
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Peter G. Zavatsky

Commercial Real Estate, Foreclosure, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  47 Years

Ronald D. Weiss

Landlord-Tenant, Foreclosure, Credit & Debt, Bankruptcy
Status:  In Good Standing           Licensed:  36 Years

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Judith Reardon

Foreclosure, Real Estate, Wills, Estate
Status:  In Good Standing           Licensed:  42 Years

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LEGAL TERMS

ASSIGNMENT

A transfer of property rights from one person to another, called the assignee.

RIGHT OF SURVIVORSHIP

The right of a surviving joint tenant to take ownership of a deceased joint tenant's share of the property. See joint tenancy.

LIFE TENANT

One who has a life estate in real property.

CLEANING FEE

A nonrefundable fee charged by a landlord when a tenant moves in. The fee covers the cost of cleaning the rented premises after you move out, even if you leave ... (more...)
A nonrefundable fee charged by a landlord when a tenant moves in. The fee covers the cost of cleaning the rented premises after you move out, even if you leave the place spotless. Cleaning fees are illegal in some states and specifically allowed in others, but most state laws are silent on the issue. Landlords in every state are allowed to use the security deposit to clean a unit that is truly dirty.

HOUSE CLOSING

The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has b... (more...)
The final transfer of the ownership of a house from the seller to the buyer, which occurs after both have met all the terms of their contract and the deed has been recorded.

DEVISE

An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some s... (more...)
An old legal term that is generally used to refer to real estate left to someone under the terms of a will, or to the act of leaving such real estate. In some states, 'devise' now applies to any kind of property left by will, making it identical to the term bequest. Compare legacy.

WORDS OF PROCREATION

Language used to leave property to a person and his or her descendants, which typically take the form 'to A, and the heirs of his body,' where A is the person r... (more...)
Language used to leave property to a person and his or her descendants, which typically take the form 'to A, and the heirs of his body,' where A is the person receiving the property.

OFFER

A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some... (more...)
A proposal to enter into an agreement with another person. An offer must express the intent of the person making the offer to form a contract, must contain some essential terms--including the price and subject matter of the contract--and must be communicated by the person making the offer. A legally valid acceptance of the offer will create a binding contract.

WORK MADE FOR HIRE

A work created by an employee within the scope of employment or a work commissioned an author under contract. With a work for hire, the author and copyright own... (more...)
A work created by an employee within the scope of employment or a work commissioned an author under contract. With a work for hire, the author and copyright owner of a work is the person who pays for it, not the person who creates it. The premise of this principle is that a business that authorizes and pays for a work owns the rights to the work. There are two distinct ways that a work will be classified as 'made for hire.'the work is created by an employee within the scope of employment; or the work is commissioned, is the subject of a written agreement, and falls within a special group of categories (a contribution to a collective work, a part of a motion picture or other audiovisual work, a translation, a supplementary work, a compilation, an atlas, an instructional text, a test, or as answer material for a test). The work made for hire status of a work affects the length of copyright protection and termination rights.

SAMPLE LEGAL CASES

US BANK, NA v. Collymore

... December 2007. On January 15, 2008 the Bank commenced this foreclosure action alleging that it was the holder of the note and mortgage, and that the defendant had defaulted upon his payment obligations as of August 1, 2007. In ...

Wells Fargo Bank v. Marchione

... OPINION OF THE COURT. LEVENTHAL, J. The issue presented on this appeal is whether an assignee of a note and mortgage has standing to commence a foreclosure action prior to the date of the execution of the assignment. ...

HSBC BANK, USA v. Dammond

... Chambers, JJ. DECISION & ORDER. ORDERED that the order is reversed, on the law, with costs, and those branches of the motion which were to vacate the judgment of foreclosure and dismiss the complaint are denied. This ...