The Foreclosure Cycle Part 2
This article was written by Steven J. Baum mortgage foreclosure attorney in the State of New York.
Each state of the United States has their own foreclosure laws. Once a homeowner is in default for not paying their mortgage, and after all appropriate letters have been sent out, and still no solution to stop the foreclosure is at hand, the foreclosure will start. In the majority of states, the process is called “non-judicial” foreclosure. Generally speaking, this means that the foreclosure process goes forward without having to go through the court system. The law firm of Steven J. Baum concentrated on mortgage foreclosures in New York. They worked on being the best mortgage foreclosure lawyers in New York.
In the non-judicial foreclosure states, an attorney that the foreclosure file is referred to first orders some type of title search or title certificate from a reputable title company. The title company will search the public records at the county and often at the federal level to see what the state of title looks like on the property that is being foreclosed. From there the attorney would proceed by posting a foreclosure notice in the county where the property is located-a “legal newspaper” or in a local newspaper. The homeowner is sent a notice of this sale.