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Three Important Questions You Should Ask Before Buying A Home

Three Important Questions You Should Ask Before Buying A Home

Deciding to buy a house can be one of the most important financial decisions of your life. However, too many people rush into a transaction without having all of the pertinent information, which can result in overspending. Having a mortgage payment that is too much can affect every aspect of your finances and can limit … Continue reading Three Important Questions You Should Ask Before Buying A Home

Foreclosure Rates Rising in NJ, Can Bankruptcy Help?

Foreclosure Rates Rising in NJ, Can Bankruptcy Help?

For the second year in a row, New Jersey had the highest rate of foreclosures in the United States last year. According to a report published at nj.com, New Jersey’s average foreclosure rate was 1.86 percent in 2016, while the national rate was .70 percent, a 10-year low. Fortunately for homeowners who have fallen behind … Continue reading Foreclosure Rates Rising in NJ, Can Bankruptcy Help?

What the End of HAMP Means for You

What the End of HAMP Means for You

For the past seven years, the Home Affordable Modification Program (HAMP) has provided a potential option for homeowners who are struggling to keep up with their mortgage to avoid foreclosure and remain in their homes. The program allowed homeowners to apply for a government-facilitated modification of their mortgage loan to make payment terms more affordable … Continue reading What the End of HAMP Means for You

3 Things You Should Know About Eminent Domain in NJ

3 Things You Should Know About Eminent Domain in NJ

Most people have heard of eminent domain powers, which give the government the authority to take private property under certain circumstances. If you have received notice that your property may be subject to an eminent domain action, you should speak with a knowledgeable condemnation attorney as soon as possible to familiarize yourself with the legal … Continue reading 3 Things You Should Know About Eminent Domain in NJ

What Documents will I need to Purchase a Home in New Jersey?

What Documents will I need to Purchase a Home in New Jersey?

When you purchase a home in New Jersey, you have to comply with the laws and regulations of the municipality in which the property lies. Local governments have an interest in ensuring that the homes that people occupy are safe and comply with local ordinances, and they often use the sale of a property as … Continue reading What Documents will I need to Purchase a Home in New Jersey?

10 Things to Consider When Selling Property in NJ

10 Things to Consider When Selling Property in NJ

If you are looking into making a major property purchase or sale in New Jersey, there are several considerations that you will need to take into account before entering into this financial contract. It can be an overwhelming process at the best of times, and made worse when you don’t have all the information that … Continue reading 10 Things to Consider When Selling Property in NJ

Should You be Wary of Your Landlord’s Accounting Methods?

Should You be Wary of Your Landlord’s Accounting Methods?

Businesses are expected to keep clear accounting records both for tax purposes and in the event a dispute arises regarding payments from clients or customers. Landlords are no exception, as landlords should always keep an organized, updated, and accurate ledger of all rent payments received from tenants. If a dispute occurs over rent that was … Continue reading Should You be Wary of Your Landlord’s Accounting Methods?

Why you Need a Property Survey before you Purchase Real Estate

Why you Need a Property Survey before you Purchase Real Estate

A property survey is a drawing of a piece of real estate that shows the property’s boundaries and any improvements that have been made to the property. It can bring to light certain issues that may affect the value of the property or the ability to resell at a later date. While many lenders require … Continue reading Why you Need a Property Survey before you Purchase Real Estate

TRID and What it Means for your Home Purchase

TRID and What it Means for your Home Purchase

In October of 2015, new requirements put in place by the federal Consumer Financial Protection Bureau (CFPB) went into effect that dramatically changed the nature and timeline of many real estate closings. The CFPB maintained that previous mortgage disclosure forms were often inconsistent and misleading for potential mortgage applicants and, therefore, it enacted the TILA-RESPA … Continue reading TRID and What it Means for your Home Purchase