Rates are at a Historical Low

All one has to do is go on the internet or turn on the television to see the financial world is in flux.  (Below are some links showing the same).  While there are definitely some negative aspects, there are a few positive ones as well.  One in particular is that mortgage rates are at an… Read more »

Time to Refinance again

While the stock market and oil prices have been dropping like a rock over the last few weeks the positive effect of this is that interest rates are once again at all-time lows.  As investors around the world are selling stocks and seeking safe havens to park their money they are buying US Treasuries which… Read more »

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 »

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 You Do Favors For Your Tenants?

Do You Do Favors For Your Tenants? by Robyn Latman, Esq.   Recently, I have been getting questions from Landlords who wonder why their tenant seems to take advantage of the Landlord’s kindness in certain situations.  The Landlord granted some form of relaxed rule, and now, the tenant is pushing back at following the rule… Read more »

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 »

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