We frequently assist clients whose parents or relatives recently died and our client was named as the Executor in the decedent’s Will. The Executor now wants to sell the house and distribute the proceeds as per the Will and they want to know when can they legally sell the property. The first step after someone… Read more »
WHEN DO I NEED TO UPDATE MY WILL AND POWERS OF ATTORNEY?
In many cases clients have their first Will, Medical and General Powers of Attorney and Living Will prepared after they are married or have children or after they purchase their first home. But then the question is when I do I need to update my documents. My rule of thumb is that you should review… Read more »
WHEN DO I NEED TO UPDATE MY WILL AND POWERS OF ATTORNEY?
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 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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