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Residential real estate contracts are an essential part of the home buying and selling process. These contracts outline the terms and conditions of the transaction, including the purchase price, closing date, and any contingencies or conditions that must be met before the sale is finalized. As a buyer or seller, it’s important to understand the…

If you’re in the market for a new home, you may be wondering what the cheapest way to buy a house is. While there are a few different options to consider, one of the most affordable ways to purchase a property is through a short sale. A short sale is a type of real estate…

As a first-time homebuyer, you may be feeling overwhelmed by the many steps involved in purchasing a home. From securing financing to negotiating the sale, there is a lot to consider. But before you even begin looking at homes, it’s important to understand the legal considerations that come with buying property in New Jersey. Here…

If you’re a real estate investor, you may have heard of a 1031 exchange, also known as a like-kind exchange. But what exactly is a 1031 exchange, and how can it benefit you as a real estate investor? A 1031 exchange, named after the Internal Revenue Code section that allows it, is a way for…

As a real estate lawyer in New Jersey, I often have the opportunity to help clients with the sale of their real estate, including in the case of an estate sale. Estate sales can be a complex and emotionally charged process, as they often occur in the wake of a loved one’s passing. In this…

A mortgage approval generally reflects a financial institution’s commitment to lend against real property. If you are approved for a mortgage loan, you may receive funding based on a variety of conditions. Mortgage approvals are typically valid for a limited amount of time. A loan officer typically informs prospective borrowers about time-sensitive approval dates. Application…

Purchasing a home is a significant financial decision, and one of the most important factors to consider is how much money you have saved up before making the purchase. While there are many factors that can impact how much you should save, a general rule of thumb is to have at least 20% of the…

If you’re buying or selling a property in New Jersey, hiring a real estate lawyer is a smart move. A lawyer can help protect your interests and ensure that the transaction goes smoothly. But with so many lawyers to choose from, how do you know which one is right for you? Here are the top…

Homebuyers often rely on various mortgage products to facilitate their financing needs. Buying a home that needs above-average repairs or substantial improvements generally requires a specialized loan program. A 203(k) mortgage loan through the Federal Housing Administration (FHA) might provide the funding needed to procure a distressed property. A portion of the financing is used…

Purchasing a foreclosure property can be a great way to get a good deal on a new home, but it’s important to understand the legal process before diving in. In New Jersey, the process for buying a foreclosure property is relatively straightforward, but there are a few key things to be aware of to avoid…