Recent Posts in Real Estate Category
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Posted on Apr 19, 2012 By Andrew Roth, Esq.
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 ...
Continue reading "Why it is important to look at the property taxes when purchasing a property" »
Posted on Apr 17, 2012 By Andrew S. Roth, Esq.
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 ...
Continue reading "Dealing with inspection issues in today's market" »
Posted on Mar 12, 2012 By Andrew S. Roth, Esq.
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 ...
Continue reading "Forgiveness of Debt Being Construed as Income in a NJ Short Sale" »
Posted on Mar 4, 2012 By Andrew S. Roth, Esq.
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. ...
Continue reading "THE EFFECTS OF LIENS AGAINST THE PROPERTY IN A SHORT-SALE (FINAL PART)" »
Posted on Mar 4, 2012 By Andrew S. Roth, Esq.
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 ...
Continue reading "THE EFFECTS OF LIENS AGAINST THE PROPERTY IN A SHORT-SALE (PART II)" »
Posted on Feb 26, 2012 By Andrew S. Roth, Esq.
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 ...
Continue reading "THE EFFECTS OF LIENS AGAINST THE PROPERTY IN A SHORT-SALE (PART I)" »
Posted on Feb 20, 2012 By Andrew S. Roth, Esq.
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 ...
Continue reading "The Significance of a Letter of Intent:" »
Posted on Feb 12, 2012 By Andrew S. Roth, Esq.
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 ...
Continue reading "Commercial Leasing: Do Not be "Penny Wise, Pound Foolish"" »
Posted on Feb 7, 2012 By Andrew S. Roth
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 ...
Continue reading "NJ Real Estate: Improvements Before Sale Can be a Risk to Buyers and Sellers" »
Posted on Jan 31, 2012 By Andrew Roth
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 ...
Continue reading "Purchasing a Home in New Jersey? You Need an Attorney" »
Posted on Jan 31, 2012 By Andrew Roth
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 ...
Continue reading "In New Jersey, Short Sales Are Anything But Short..." »
Posted on Dec 11, 2010 By Andrew S. Roth, Esq.
A Trenton committee on November 8 discussed a bill that would abolish the Council on Affordable Housing (COAH), according to Matt Friedman . COAH’s official website states that the council was created ...
Continue reading "Gov. Christie Pledges to Veto Bill That Would Abolish COAH" »
Posted on Nov 9, 2010 By Andrew S. Roth, Esq.
The Bergen Record urged its readers on Sunday that “time [was] running out to grab energy tax credit,” which expires on December 31 st . The requirements of the credit were summarized in an article , ...
Continue reading "Energy Tax Credit Expires Dec. 31" »
Posted on Nov 8, 2010 By Andrew S. Roth, Esq.
A new program that aims to help prevent foreclosures in New Jersey has recently been announced to become effective by January 2011. On September 23 rd , the program called the New Jersey Homekeeper ...
Continue reading "New Jersey Homekeeper Program" »
Posted on Oct 13, 2010 By Andrew S. Roth, Esq.
The past few weeks marked a nation-wide concern with the documentation process of foreclosures, causing large banks such as J.P. Morgan Chase & Co. to issue foreclosure halts. As reported by Liz ...
Continue reading "The Foreclosure Controversy" »
Posted on Jul 15, 2010 By Andrew S. Roth, Esq.
According to Lynn Adler of Reuters , 1.65 millions properties, or one in every 78 households, made foreclosure filings that included "notice of default, scheduled auction and repossession." Although ...
Continue reading "Housing Recovery is "Elusive"" »
Posted on Jul 14, 2010 By Andrew S. Roth, Esq.
In a state where 265,000, or 13 percent, of all mortgages were delinquent or already in the process of a foreclosure, New York announced that it began pressing bigger banks to make more effort in ...
Continue reading "New York Takes its Own Steps to Prevent More Foreclosures" »
Posted on Jul 8, 2010 By Andrew S. Roth, Esq.
According to Julie Haviv of Reuters, 30-year fixed mortgage rates fell to a record low, averaging 4.57 percent this past week from the 4.58 percent last week and the 5.20 percent the week before that. ...
Continue reading "Record Low 30-Year Mortgage Rates" »
Posted on Jul 8, 2010 By Andrew S. Roth, Esq.
Bloomberg reported today about the controversy of Fannie Mae and Freddie Mac, the government-backed mortgage giants, between Democrats and Republicans. Fannie Mae has declared in its mission that its ...
Continue reading "The Debate of Fannie Mae and Freddie Mac" »
Posted on Jul 6, 2010 By Andrew S. Roth, Esq.
Saturday, July 3, marked a new legislation that would cap the growth of property taxes to 2 percent as oppose to the current 4 percent in New Jersey, according to the Associated Press . New Jersey ...
Continue reading "New Jersey Property Tax Growth Capped to 2 Percent " »
Posted on Jul 2, 2010 By Andrew S. Roth, Esq.
Luke Mullins of U.S. News reported today that home sales dropped about 33 percent in May from April while the Pending Homes Sales Index, meant to measure sales contract signings, fell 30 percent, ...
Continue reading "Drop in Home Sales" »
Posted on Jul 1, 2010 By Andrew S. Roth, Esq.
Associated Press reports that President Barack Obama passed a bill that gave three extra months for buyers qualified for the homebuyer tax credit to close their deals. The House approved this bill on ...
Continue reading "Home Tax Credit Closing Deadline Extended to September 30" »
Posted on Jun 30, 2010 By Andrew S. Roth, Esq.
Last Friday marked a new legislation that "would constitute the biggest overhaul of U.S. financial regulations since the 1930s," according to The Wall Street Journal . Its aims include preventative ...
Continue reading "Financial Overhaul Bill" »
Posted on Jun 24, 2010 By Andrew S. Roth, Esq
Fannie Mae, announced yesterday "policy changes designed to encourage borrowers to work with their servicers and pursue alternatives to foreclosure," according to PR Newswire. The company increased ...
Continue reading "Fannie Mae Increases Penalty for Strategic Defaulters" »
Posted on Jun 23, 2010 By Andrew S. Roth, Esq.
As mentioned in a previous blog , a bill has been approved by the Senate last Thursday and currently is going through the Assembly. Shore News Today describes the aims of the bill in more detail and ...
Continue reading "The S-1 Bill: Aiming for Affordable Housing" »
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