Too often when people look to purchase a property they focus on the purchase price, and (if it is not an all cash deal) on the interest rate of their loan. However, often times a prospective purchaser will overlook the property’s real estate taxes. This is a mistake especially in New Jersey, where the real… Read more »

As a New Jersey real estate attorney, I talk to many realtors as well as some fellow real estate attorneys about the market. There has been a lot of discussion on how the market has changed significantly in the past five (5) years. Our discussion was not focused on the reduction in property values or… Read more »

One of the goals of a seller in a short-sale, as well as the seller’s attorney, is to have any outstanding debt forgiven as part of the transaction. The rational is that the seller is already losing any money it had in the property as a result of the short-sale, that last thing it wants… Read more »

As you may recall from our previous post regarding the effects of liens against the property in a short-sale transaction, this article will focus on the buyer’s perspective regarding the same. Buyers engaged in a short-sale transaction need to be aware – if they are not already – that their transaction is contingent on a… Read more »

After discussing how liens can affect the short-sale of a property in our last post, we now want to focus our attention on how each side deals with the potential discovery of the liens encumbering the property as well as well as their discharge. For consistency purposes we will focus on the seller’s perspective in… Read more »

In furtherance of our discussions of short-sales on this blog, one of the key elements both sides need to seriously investigate is the liens against the property (e.g., how many there are, the value of each of them, who is the lien-holder, etc). The reason being is if a lien-holder refuses to consent to the… Read more »

In almost any negotiations for the conveyance of property (e.g., a purchase, sale, or lease), prior to drafting the contract or lease, the parties will come to terms regarding the business points as well as legal issues. More often than not – especially in commercial transactions – the terms will be reduced to writing although… Read more »

Commercial Leases Are Crucially Important to the Success of Your Business As a New Jersey real estate lawyer, I actually enjoy negotiating and reviewing commercial leases and not because I love legalese, but because I know how crucially important the terms of a lease are to the success of my business clients. A commercial lease… Read more »

Risks to Consider When Buying or Selling Property in NJ Buying and selling property can be a cumbersome process filled with many potential pitfalls. While most buyers and sellers understand some of the risks (e.g., whether the buyers can qualify for a mortgage), many other pitfalls are not dealt with or even thought about until… Read more »