January 2017 - Gibbons Neuman

January 23, 2017

Foreclosure Sale Date or Date of Issuance of the Certificate of Sale— Which Comes First for Purposes of Starting the Clock to Claim Surplus Funds From a Foreclosure Sale?

If you are an inferior lien holder who is named as a defendant in a mortgage foreclosure suit, there is a 60-day period in which you must file a claim to receive any excess funds that may be available from the foreclosure sale. The question is, when does that 60-day period begin to run? The […]

GET ADVICE BEFORE DEEDING PROPERTY TO FAMILY MEMBERS

Hardly a week goes by without someone contacting our office to discuss an intra-family transfer of real estate. Usually, a person calls and tells us what they have in mind, and if they have not already acted by themselves without our advice, we are able to keep them from making costly mistakes. In other instances, […]