Posts Categorized: Real Estate

Cooperatives vs. Condominiums

Many first time home buyers, or even seasoned home buyers for that matter do not realize that there is a difference between purchasing a condominium (“condo”) and purchasing a cooperative (“coop”).  While listing all the differences and nuances could take quite a bit of time as well as a lot more detail, for purposes of… Read more »

Condition of the Property on the date of closing

One issue that keeps presenting itself lately is the condition of the property at the closing. In the majority of residential transactions, the subject property is supposed to be left in broom clean condition, subject to reasonable wear and tear at the time of closing. There are times of-course where the property is being left… Read more »

Advocate vs. Adversary

One of the brightest legal minds that I ever had the pleasure of working for gave me some strong advice that I have carried with me throughout my career. He said, “Andrew, you need to advocate your client’s position, but you do not need to be adversarial about it”. I have carried this advice with… Read more »

Short-sale Auctions

The Short Sale Process in NJ Has Changed Over the past several years the short-sale process has changed; sometimes for the better and sometimes for the worse.  These changes generally (i) involved the short-sale seller, short-sale lienholder, and the short-sale contractual purchaser and (ii) pertained to documents that needed to be provided by the short-sale… Read more »

Underground Storage (Fuel) Tanks

One of the biggest concerns purchasers of real estate in New Jersey have (from both a residential and commercial perspective) are environmental issues.  Part of this stems from health concerns, and part of it stems from remediation costs concerns.  While the potential environmental issues that can occur are vast, for purposes of this blog we… Read more »

HOW OWNING A PROPERTY CAN IMPACT YOUR ABILITY TO GET A LOAN TO PURCHASE ANOTHER PROPERTY

One of the things that I’ve learned from the media, periodicals, and people I have spoken to is the key to a successful financial future is diversification. Diversification, however, does not only mean diversifying within the stock market itself, or having stocks, bonds, and mutual funds in your portfolio. It also can mean owning real… Read more »

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