New York State: Marriage Property – Who Owns What?

New York State: Marriage Property – Who Owns What?

When it comes to marriage, few topics stir up more confusion—and conflict—than property ownership. In New York State, understanding who owns what during and after a marriage isn’t always straightforward. From jointly titled homes to individual bank accounts, from inherited family property to shared business interests, the lines can get blurry fast. So whether you’re […]

A Step-by-Step Guide to Collecting Surplus Money in Foreclosure Actions Under RPAPL §1361 in New York

A Step-by-Step Guide to Collecting Surplus Money in Foreclosure Actions Under RPAPL §1361 in New York

By Brian Figeroux, Esq. In New York, when a foreclosed property is sold for more than the outstanding mortgage debt and associated costs, the excess funds are known as surplus monies. These funds are deposited with the court and can be claimed by individuals or entities with a legitimate interest, such as junior lienholders or […]