Consult with our estate lawyer in Nassau County while making a plan for your real estate needs. Our group of experienced lawyers will provide you with high quality services in quickest turnaround time.
Collateral is an asset a person agrees to give up if he or she does not repay a loan. A lien is a claim against the property (the collateral) used to ensure payment of a debt. Liens can be recognized by contract, from general trade practices, or implied by law. Perfecting a lien implied by law is done by taking possession of the property.
It’s a sad fact of life that in today’s society many adults, especially in working, single parent homes, are so busy watching “Reality TV” that they are blinded to the reality of their own lives, and those of their children. Some may blame their inability to properly monitor their child’s life and activities on the quest to merely survive on a day to day basis in these tough economic times. They can be completely unaware of a perilous position into which the child might have fallen.