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Residential Leases

It is very important that Landlords’s check their Residential Leases regularly.  Most leases are on a 1 term and automatically become month to month , thereafter.  A Landlord should prepare and submit to each residential Tenant a new Lease each year.  In this fashion, a Landlord can make sure that all the information and rental

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Updating Wills

I read a very good article today in USA Today’s  personal finance section.  It talked about preparation regarding your Will and your Estate.  The recommended steps are very valid and important to make things much easier for yourself and for your heirs.  The article discussed reviewing your last Will and Testament every five years.  The

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Short Sale Ramifications

New Jersey is still leading the nation in short sales of Real Estate.  This means that a seller is able to sell the home for an amount less that what is still owed to the Lender. The Lender must provide their approval to do so obviously, because the Lender looses money from their original investment.

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Condominium Purchase

When you are purchasing a Condominium unit , it is very important that you carefully analyze the documentation for that development such as the Master Deed, By-laws and most importantly the physical statement and annual budget. It is important that you see how many of the condominium  unit owners are current with their dues.  Your

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Shortsales

Since 2008, shortsales and bank owned properties have been a large percentage of transactions in the northern New Jersey metropolitan area. This was brought on by the recession which tremendously lowered the value of many homes. I represent parties buying and selling properties through shortsale process and bank owned properties. These transactions usually allow for

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For Sale by Owner

Many people attempt to sell their home on their own without the benefit of a professional Realtor representing them.  Whether you are the buyer or the seller, it is highly recommended that you have a Realtor working for you.  The Realtor can be of significant assistance to you in the determination of the proper value

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Landlord Tenant Matters

Just a couple of quick pointers: If you are terminating your tenant’s tenancy in your building and all of the proper Notices have been served upon the tenant, you cannot continue to collect the rent after the date that the tenancy is terminated in the Notice. Often times the Landlord gives the tenant proper Notice

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Real Estate Valuation

Very often in Real Estate transactions that I am handling for clients, my clients ask me whether they think their purchase is a good deal or not.  Parties involved in Real Estate transactions must understand that the purchasers Attorney does not know anything about the proper valuation of the subject property.  Obviously, a buyer should

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Transactions

Sometimes the best deals that you make are the ones you walk away from.  I have many clients come to my office with transactions and acquisitions that they want to pursue.  It is good to seek out new ventures and to be creative and take risk.  However, the details need to be analyzed very closely

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The Right Team

I continue to experience the fact that is crucially important to have the right team working for you in your real estate transactions.  These matters definitely are a team effort with the key players being the buyer/seller, the Realtor , the Attorney and the settlement agent. Each member of the team must be efficient and

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