As a New Jersey resident, you aren’t legally required to hire a real estate attorney when you’re selling your home, but there are some circumstances when it pays to have one on your side. If you find yourself in one of the scenarios below, think twice before taking on the sale without one. A real […]
Category: Real Estate Law
4 Reasons To Hire A Real Estate Attorney
When you think of the term “attorney”, what comes to mind? Trials? Court? Felonies? In legal situations, most wouldn’t dream of entering a courtroom without a lawyer by his or her side. Yet too often we forget that legal situations aren’t confined to courtroom activities. Adoptions, filing a patent, incorporating a business and drafting a […]
11 Common Mistakes When Buying A Home
It’s finally starting to look like springtime here in New Jersey, and flowers aren’t the only things that bloom at this time of year. Spring is also when the housing market comes to life again as school winds down for the kids and everyone comes out of collective hibernation. With all of the excitement and […]
What The Mortgage Forgiveness Debt Relief Act Means For Homeowners
In 2007 Congress enacted the Mortgage Forgiveness Debt Relief Act with the specific intent of helping homeowners who were underwater on their mortgages. This legislation protected homeowners from incurring taxes on debt forgiven during a short sale. In its latest iteration it was renewed in December of 2015 as H.R. 1002. That’s good news for […]
What You Need To Know About Mortgage Rates & Regulation Changes
As of October 2015, the Consumer Finance Protection Bureau (CFPB) enacted a new rule known as TRID – short for TILA-RESPA Integrated Disclosure – that is having widespread effects on home buyers and sellers. For the trivia buffs, TILA stands for the Truth in Lending Act and RESPA for the Real Estate Settlement Procedures Act, […]