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Commonly Asked Questions about Property Forfeiture Documents

There are two legal remedies when the buyer defaults on a land contract: forfeiture and forelosure. There are advantages and drawbacks to both remedies. In general, Steve Sowell recommends forfeiture on a first bdocHub of land contract, as it is usually faster, cheaper, and easier than foreclosure.
As part of a New York State criminal case and except in certain circumstances, the only way the prosecutor can demand forfeiture is by attaching a forfeiture stipulation as a condition of a plea offer and, even in those circumstances, the District Attorney receives forfeiture only in exchange for agreeing not to file a
For example, if a person uses a vehicle to transport illegal drugs, such a vehicle would be subject to criminal forfeiture. Likewise, any money obtained from selling the illegal drugs would also be subject to criminal forfeiture. In both cases, the offender would have to be convicted of a drug-related crime.
Forfeiture is broadly defined as the loss of property for failing to obey the law, and that property is generally lost to the state. A person may have a vested interest in property to be forfeit in two ways: In personum jurisdiction and in rem jurisdiction.
Under Federal law, there are three (3) types of forfeiture: criminal forfeiture, civil judicial forfeiture, and administrative forfeiture.
Forfeit or forfeiture means losing a right, privilege, or property without compensation as a consequence of violating the law, bdocHubing a legal obligation, failing to perform a contractual obligation or condition, or neglecting a legal duty. Under federal law, there are civil, criminal, and administrative forfeitures.
1. : the loss of a right, money, or especially property because of ones criminal act, default, or failure or neglect to perform a duty compare waiver. 2. : something (as money or property) that is forfeited as a penalty.
A forfeit is what is lost. Youve probably heard of forfeiting a game or match like when you dont show up with enough players or pick one too many fights with the opposing team. the act of losing or surrendering something as a penalty for a mistake or fault or failure to perform etc.
In practice, forfeiture it is a relatively long, drawn out and costly process fraught with potential problems. Tribunal proceedings to ascertain whether or not the bdocHub has occurred can typically take 4-6 months and the forfeiture proceedings thereafter in the county court can take much longer. Forfeiture - Bishop Sewell - Law Firm bishopandsewell.co.uk 2018/09/24 forfe bishopandsewell.co.uk 2018/09/24 forfe