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What are common lender-required repairs?

Posted by Joseph A. DiPiazza | Mar 10, 2023 | 0 Comments

When it comes to buying a home, there are several factors to consider. One of the most important is financing. Most people need a mortgage to purchase a property, and as part of the mortgage application process, the lender will typically require an appraisal to determine the home's value and ensu...

Title Insurance: What is an Owner’s Policy?

Posted by Joseph A. DiPiazza | Mar 01, 2023 | 0 Comments

If you are in the process of purchasing a home, you have likely heard of title insurance. This type of insurance protects the buyer and lender from any issues that may arise with the property's title. While lender's title insurance is typically required by the lender, owner's title insurance is o...

Understanding Private Mortgage Insurance (PMI)

Posted by Joseph A. DiPiazza | Feb 15, 2023 | 0 Comments

Private Mortgage Insurance (PMI) is a type of insurance that many homebuyers are required to purchase when they do not have a large enough down payment to secure a conventional mortgage. PMI helps protect the lender in case the borrower defaults on the loan, and is typically required when the dow...

The New Jersey “Exit Tax”

Posted by Joseph A. DiPiazza | Feb 01, 2023 | 0 Comments

If you are selling a home in New Jersey and planning to move out of state, it is important to be aware of what is often referred to as the state's “exit tax.” When New Jersey residents sell their homes and prepare to move out of state, they must pay a standard tax rate on the profit from the sale...

Do You Need a Property Survey?

Posted by Joseph A. DiPiazza | Jan 15, 2023 | 0 Comments

When purchasing a home in New Jersey, there are many important considerations to keep in mind, including the need for a property survey. A survey is a recommended part of the home buying process that can help identify any issues with the property's boundaries or features. In this blog post, we wi...

What Is the Cheapest Way to Buy a New House?

Posted by Joseph A. DiPiazza | Nov 03, 2022 | 0 Comments

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 transaction where the se...

What Is a 1031 Exchange?

Posted by Joseph A. DiPiazza | Sep 05, 2022 | 0 Comments

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 real ...

Estate Sales of Real Property in New Jersey

Posted by Joseph A. DiPiazza | Aug 02, 2022 | 0 Comments

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 blog po...

When Does a Mortgage Approval Expire?

Posted by Joseph A. DiPiazza | Apr 08, 2022 | 0 Comments

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 typical...

203 (K) Loans

Posted by Joseph A. DiPiazza | Jan 18, 2022 | 0 Comments

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 t...

FHA Loan Requirements for Repairs

Posted by Joseph A. DiPiazza | Jan 03, 2022 | 0 Comments

As a home serves as collateral for a mortgage, a lender must ensure that it meets certain minimum standards. A lender for a Federal Housing Administration (FHA) loan might require repair of certain defects as a condition of financing. The Basics The FHA insures loans made by lenders that are appr...

Bank Appraisals and Refusal of Mortgages

Posted by Joseph A. DiPiazza | Dec 01, 2021 | 0 Comments

Before lenders fund the purchases of homes, they almost always require value appraisals to ensure the homes being bought are actually worth their prices. In fact, many home sales have been canceled after a poor appraisal caused the lender to disapprove a mortgage loan. Appraisals and Approvals Pr...

6 Tips for Divorce and Tax Day

Posted by Joseph A. DiPiazza | Jul 08, 2020 | 0 Comments

Wednesday, July 15th (the extended tax filing deadline due to covid-19) is almost here. If you are contemplating divorce or you are getting divorced, questions regarding your taxes are sure to be prevalent as you go through the process. Here are 5 tips to help you understand and navigate the path...

Tips for Dealing With Child Custody and Religion

Posted by Joseph A. DiPiazza | Feb 14, 2020 | 0 Comments

When parents of different religions divorce, reaching an agreement on their child's future religious upbringing could be complex. If you and your soon-to-be ex-spouse are in disagreement over your child's future religious upbringing, here are some suggestions to guide you: 1. Lay Your Cards on th...

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If you need assistance with a real estate issue or a family law case, reach out to our team at The Law Office of Joseph A. DiPiazza, LLC. Call today to get started: 201-494-2800