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 the homeowner, the homeowner must move out of the house, therefore, losing all possession of the property and jeopardizing any possible equity that the homeowner may have in the home.
There is a time frame of how long a foreclosure process can take, pursuant to the law of the stage where the property is located.
Steven represents the firm’s clients with insurance and property damage disputes, actions against insurance agents and brokers, as well as general litigation matters. Steven has litigated many cases against national insurance companies such as Allstate Indemnity Company, Travelers Insurance Company, Liberty Mutual Insurance Company, and State Farm Insurance Company, as well as local New York insurance companies.
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