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2012

Blog Posts in 2012

Short-Sales and Realtor Purchasers

In the state of New Jersey realtors have the ability to take a commission on a property they are purchasing provided that they disclose in the contract of sale that they are a realtor and the realtor ...
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THE LATEST ROUND OF QUANTITATIVE EASING'S AFFECT ON SHORT-SALES.

In the midst of this presidential campaign season, a lot of people have asked how the latest round of quantitative easing (also known as "QE3") will impact real estate market, particularly ...
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Documentation Gathering In a Short Sale:

One of the most important as well as cumbersome factors in any short-sale is document gathering. While it is true that a few institutional lienholders have created no document short-sale programs ...
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THE IMPORTANCE OF KEEPING YOUR DOCUMENTS FROM THE TRANSACTION AFTER CLOSING:

As a New Jersey real estate lawyer, I do lots of closings. It's a big part of our business. Often times when we represent sellers and ask them for the documents from when they purchased the ...
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What to look for in an attorney when you are buying and selling your home

Many times we will receive calls from people who found our name on either the internet or through a referral and the first thing they ask is, "What do you charge for a closing?" As a ...
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Why it is important to look at the property taxes when purchasing a property

Too often when people look to purchase a property they focus on the purchase price, and (if it is not an all cash deal) on the interest rate of their loan. However, often times a prospective purchaser ...
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Dealing with inspection issues in today's market

As a New Jersey real estate attorney, I talk to many realtors as well as some fellow real estate attorneys about the market. There has been a lot of discussion on how the market has changed ...
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Forgiveness of Debt Being Construed as Income in a NJ Short Sale

One of the goals of a seller in a short-sale, as well as the seller's attorney, is to have any outstanding debt forgiven as part of the transaction. The rational is that the seller is already ...
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THE EFFECTS OF LIENS AGAINST THE PROPERTY IN A SHORT-SALE (FINAL PART)

As you may recall from our previous post regarding the effects of liens against the property in a short-sale transaction, this article will focus on the buyer's perspective regarding the same. ...
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THE EFFECTS OF LIENS AGAINST THE PROPERTY IN A SHORT-SALE (PART II)

After discussing how liens can affect the short-sale of a property in our last post, we now want to focus our attention on how each side deals with the potential discovery of the liens encumbering the ...
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THE EFFECTS OF LIENS AGAINST THE PROPERTY IN A SHORT-SALE (PART I)

In furtherance of our discussions of short-sales on this blog, one of the key elements both sides need to seriously investigate is the liens against the property (e.g., how many there are, the value ...
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Religion and Bankruptcy

As a New Jersey bankruptcy attorney, I understand the decision to file bankruptcy can be one of the most emotional decisions a person has to deal with. Clients will often tell me, "I've ...
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The Significance of a Letter of Intent:

In almost any negotiations for the conveyance of property (e.g., a purchase, sale, or lease), prior to drafting the contract or lease, the parties will come to terms regarding the business points as ...
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Commercial Leasing: Do Not be "Penny Wise, Pound Foolish"

Commercial Leases Are Crucially Important to the Success of Your Business As a New Jersey real estate lawyer, I actually enjoy negotiating and reviewing commercial leases and not because I love ...
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NJ Real Estate: Improvements Before Sale Can be a Risk to Buyers and Sellers

Risks to Consider When Buying or Selling Property in NJ Buying and selling property can be a cumbersome process filled with many potential pitfalls. While most buyers and sellers understand some of ...
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Purchasing a Home in New Jersey? You Need an Attorney

Why it is important to hire an attorney when purchasing a home. As a New Jersey real estate lawyer, I represent both buyers and sellers in real estate transactions. Buying a home is one of the most ...
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In New Jersey, Short Sales Are Anything But Short...

A SHORT SALE IS ANYTHING BUT SHORT As a New Jersey real estate lawyer, I frequently represent clients in short sale negotiations. Many clients view the short sale as an easy process, however, there ...
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