Archived
If its OK to send the monthly mortgage payments to the local courthouse while I discuss a Loan Modification with the bank?....
Michael's answer
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Answered on June 18, 2015
Generally, unless otherwise required, you do not pay anything during modification conferences in the court. Do not send money anywhere, especially...
Archived
Foreclosure-what type of lawyer do I need?
Michael's answer
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Answered on June 18, 2015
Don't listen to these guys. You probably do not have to do anything. A phone call consultation with a lawyer would confirm it. If you do not...
Archived
What's the best legal formation for setting up an LLC for personal currency trading?
Michael's answer
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Answered on June 14, 2015
An LLC is the formation. There is one LLC. However, you can form a corporation too. The issue is that there is not likely to be any tax savings...
Archived
In NEW YORK (NYC) If a Home improvement contract does not contain required clauses or information is it voidable?
Michael's answer
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Answered on June 14, 2015
It is voidable, but not void. You need to bring a proceeding with the NYC Dept. of Consumer Affairs to void it. If you have the contractor do...
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Archived
Condo board approval time
Michael's answer
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Answered on June 14, 2015
Bianchi is generally right. If you have a broker, this is when they earn the commission. The broker should have a relationship with the building...
Archived
Are there any statutes, laws, or predatory laws when it comes to buying a home in the foreclosure process in NY?
Michael's answer
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Answered on June 14, 2015
No. You buy the property, as is, for cash, usually paid ten percent at time of sale and the rest in 30 days. If you are not experienced in this...
What does "Foreclosure Redeemed" mean?
Michael's answer
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Answered on June 14, 2015
It means the same thing. A deed in lieu was a mechanism of redemption, which means the foreclosure was terminated as you "paid" by the deed.
Archived
Hello , would I be able to deposit a check (inheritance) in my personal account for my father who does not have ID?
Michael's answer
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Answered on June 14, 2015
First, there is no tax on an inheritance to the beneficiary. Thus, the IRS is not the issue. The issue is that you are depositing someone else's...
Archived
If you served the original summons (action for divorce) or never had it to begin with, can you still file the affidavit?
Michael's answer
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Answered on June 07, 2015
Bruno is right. In New York State court, the original summons is the one on file. In Federal court, each party gets an original summons when served.
Archived
Is an order denying a motion for payment in BK Court a final or interlocutory order?
Michael's answer
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Answered on June 07, 2015
This was a final order. Appeal period has run.