One of the things we often hear from prospective buyers is, “Mortgage rates are high, so I’m waiting for them to come down before I buy”. While in theory this is a good idea, the reality is there is no real way to forecast when they will come down, and how much they will come… Read more »
Monthly Archives: August 2018
Rates are High, so I’ll wait to Buy:
One of the things we often hear from prospective buyers is, “Mortgage rates are high, so I’m waiting for them to come down before I buy”. While in theory this is a good idea, the reality is there is no real way to forecast when they will come down, and how much they will come… Read more »
I am Pre-Approved
One of the things we often hear about from clients when we discuss the mortgage contingency is, “I am pre-approved, so I am not worried about getting the mortgage”. Nothing can be further from the truth. Just because you have a pre-approval letter, in no way means that you will be guarantied a mortgage commitment,… Read more »
How Important is Attorney Review?
A question we are often asked from potential clients is “how important is Attorney Review”? The answer is very. As stated in a previous post, the form realtor’s contract (most often the NJAR Contract), is full of items that are not normal in today’s market (i.e., liquidated damages, time of the essence provisions, Seller paying… Read more »
DO I NEED AN ATTORNEY TO BUY OR SELL A HOME IN NEW JERSEY
One of the questions my law firm is often asked is, do I need an attorney to buy a home? The technical answer in New Jersey, is “No”. (See In re: Opinion No. 26 of the Committee on the Unauthorized Practice of Law, 139 N.J. 323 (1995)). However, the common practice in northern New Jersey… Read more »
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