Real Estate

Real Estate Law: What We Can Do to Help You

Whether buying or selling your home or business, the attorneys at the Monteleon Law Group can help guide and protect you each step of the way. From negotiating the terms of the contract to signing and closing, our experienced attorneys can help. We work closely with your real estate broker and mortgage broker. We review and prepare all the necessary documents prior to closing to ensure your closing is smooth and uneventful.

The following is a list of services we can assist with:

Buying or Selling:

  • Residential & Commercial transactions.
  • Individual Homes, Condominiums or Cooperative apartments.
  • Mortgage and refinancing transactions.

We also represent owners in real estate related disputes, including foreclosures, “short sales”, partition, actions involving questions of title, and other aspects of real property law.

Foreclosure: What is it and What Should You Do?

If you default on your mortgage payments, the bank or other lender will pursue foreclosure. New York is a judicial foreclosure state, meaning that the bank or other lender must file a lawsuit against you to pursue foreclosure of your home. Before this happens, New York State requires the bank or other lender to serve you with a breach letter; giving you an opportunity to make the necessary payment to avoid defaulting on the loan. By state law, the breach letter must be served to you 90 days before the foreclosure process can begin.

Did the bank serve you with foreclosure papers? If so, there is no need to panic. Call us to find out how our experienced real estate attorneys can help your situation.

Having the right team of real estate attorneys by your side can make a world of difference. At Monteleon Law Group, we will fight to help save your home from foreclosure.

What is Real Property?

You may have heard the term real property discussed in association with real estate, but wondered what exactly “real property” is and if there is a difference between the two. Real estate refers to a piece of land, as well as any physical structures (such as buildings) and natural resources (such as trees, water, etc.). Real property also refers to the piece of land and physical structures, but also includes the rights the owner has to the land and structures.

What is a Short Sale?

A short sale is when a homeowner sells their home for less than the amount left on their mortgage. This leaves a situation in which the homeowner now owes the remaining balance on the mortgage to the bank or other lender. For example, a homeowner may purchase a home for $300,000. If this homeowner makes a down payment on the house of $100,000, they will then take out a mortgage for $200,000. If the homeowner then sells the home at a later date while still owing, say $180,000 on their mortgage, but only sells the home for $140,000, this homeowner would still owe the remaining $40,000 to the bank or other lender.

What Do Real Estate Lawyers Do?

In New York State, among many other states, real estate attorneys are necessary to buy a home. Our team of experienced real estate attorneys can help you with your various needs from the beginning of the process right up to the closing.

If you have a real estate question, contact us and find out how we can help you.