Why is a mortgage contingency recommended when buying a home?

Thinking back to a time in the early-mid 2000s credit was EASY to obtain, cash was flying around  and it was common for homebuyers to skip mortgage contingencies. The crash of 2008 famously led to a flurry of lawsuits during the economic downturn, when buyers found they could no longer finance apartments they’d signed contracts to … Continued

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procuring insurance lawyer, lawyer, insurance, legal property, damage, bad faith

PROCURING INSURANCE AND ORDERING FOOD AT A DINER AREN’T THAT DIFFERENT…..

When discussing the concept of insurance broker negligence and failure to procure insurance in New York, the discussion usually starts with talks of visiting a doctor or lawyer. When we go to the doctor, we hop onto the table with the understanding and hope that the doctor will examine us and tell us what we … Continued

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Examination Under Oath, property damage, insurance, damage, renters, insurance, lawyer, legal, advice, long island Ask Steven Home Foreclosure, insurance claims, coverage, long island, lawyers, property, damage, NYC,

ASK STEVEN

Q: What is Home foreclosure? A: Home foreclosure is a process by which a lender regains a property which they have financed. Typically, this is because the borrower or homeowner is behind on loan payments and can’t catch up. Unfortunately, this is often due to circumstances beyond a homeowner’s control. When the lender forecloses on … Continued

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