New York State Foreclosure & Default Services
Default - Failure to make required debt payments on a timely basis or to comply with other conditions of an obligation or agreement.
Foreclosure - is the equitable proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner's failure to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust." Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, it is typically said that "the lender has foreclosed its mortgage or lien."
Chicago Title knows the complexities and the time constraints involved in the foreclosure process. We want to be your one stop for all your foreclosure, default & title service needs.
Please contact your local Chicago Title Branch to place an order with us and for assistance with any of the terms above please refer to our Real Estate Glossary.
TYPES OF FORECLOSURE SERVICES
- Guaranteed Foreclosure Certificate
- Foreclosure Searches “notes only”
- Full Title 40 Year/REO Searches
- Tax Search
- Municipal Searches
- Judgment & Lien Search
- Surrogate/Probate Search
- Document Filing & Recording Services