The New York Interest on Lawyer Account Fund (“IOLA”)

The New York Interest on Lawyer Account Fund (“IOLA”)

The New York Interest on Lawyer Account Fund (“IOLA”) The New York State Interest on Lawyer Account Fund (“IOLA”) helps low income people in New York State obtain help with civil legal problems affecting their most basic needs, such as food, shelter, jobs and access to health care.  The IOLA program is a partnership of lawyers, banks and community organizations. It produces millions of dollars each year to finance legal...

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When Buying a Home, Know About Escrow

When Buying a Home, Know About Escrow

Now that mortgage rates are below double-digit levels and prospective home buyers are venturing into the market again, escrow is an important concept. Webster’s New World Dictionary defines it as, “A written agreement or something of value put in the care of a third party and not delivered until certain conditions are fulfilled.” Escrow applies to situations other than home purchases, of course, but it is during negotiations...

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