You find a home you love, sign the contract, and may feel that the hard part is over. In New Jersey, attorney review is a short period after signing for contracts prepared by real estate licensees, during which a lawyer for either side may review the contract and...
Real Estate
Who keeps the deposit when a real estate deal falls through?
A real estate deal can fall apart after you sign a contract and pay an earnest money deposit. You typically place this deposit in escrow as a show of good faith and to demonstrate your intent to complete the purchase. If the transaction ends early, the contract, the...
What happens to joint bank accounts when one owner dies?
When a loved one dies, who was also a joint account holder, access to the funds in that account can quickly become a concern. For joint bank accounts, the answer often depends on the account agreement, how the owners titled the account and the law that applies to the...
How to protect your home from foreclosure in New York
Facing a foreclosure can be overwhelming. Fortunately, there are steps you can take to prevent the loss of your dream home. Since New York is a judicial foreclosure state, you have significant legal protections and multiple opportunities to save your property. It is...
How to title real estate when more than one generation pays
What happens when a parent helps with the down payment and an adult child covers the mortgage? When more than one generation puts money toward a property, how you title the deed matters. How you list names on the deed affects ownership rights, what happens if someone...
3 mortgage modifications that can help to prevent foreclosure
A home purchased with a mortgage is the collateral property for the loan. Until the homeowner pays the entirety of the loan back to the lender, they are at risk of foreclosure. People who miss four or more mortgage payments could face foreclosure proceedings in civil...
Does a new property owner take possession at closing?
When someone purchases a piece of real estate, one of the last steps in the process is going to be closing. At closing, they’ll have to sign numerous documents, facilitating the change in ownership. This is when the transaction is being finalized, the title is...
Why all homebuyers need owners’ title insurance
When you purchase your home, your lender requires that you take out a title insurance policy. This protects the lender down the road should there be any problems with the title to the property. It’s a nightmare no homeowner ever wants to face — not having a clear...
Types of contingency clauses you may need in real estate
Buying a home is a costly purchase that often takes decades to pay off. Because of the significant investment that comes with this purchase, it’s critical that you take steps to protect your own interests. One way that you can do this is by ensuring that your...
What is in a disclosure statement for a real estate sale in New Jersey?
A real estate sale in New Jersey requires disclosures by the seller. They have to be upfront about certain details of the property so the buyers have a general idea of what they’re getting. This way, the buyer can make an informed decision about whether or not it’s a...


