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 of record for the purchaser (i.e., themselves). Nonetheless, even if all parties understand this to be the case… Read more »

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 (e.g., consensual short sale), the majority of institutional lienholders require a significant amount of documentation from the borrower (aka seller). This is due in… Read more »

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 significantly in the past five (5) years. Our discussion was not focused on the reduction in property values or… Read more »

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