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Buying or Selling an Investment Property? Then This Blog is a Must-Read!

The State of New Jersey law requires an owner of income producing property to notify the Division of Taxation prior to closing regarding the upcoming event. The purpose of this law is for the State of New Jersey Division of Taxation to make sure any and all monies owed by the property owner get paid

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When selling your home, be ready to move!

It is surprising how many clients put their home on the market for sale, but do not yet have plans made before their relocation. Often times the Seller wants to wait to see the house is going to sell and see how much money they will receive for it before making future plans. While it

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Thinking of putting an asset in another name?
Be aware of these potential pitfalls.

I have many clients that put the ownership of their assets in other names. The usual scenarios (and related challenges) include:   Scenario #1: Putting their assets in a trust thinking that they will avoid tax related responsibilities Related Challenge: This often results in difficulties regarding reasserting their ownership of these assets in the future.

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Selling Your Home? How To Make Sure Required Repairs Don’t Sneak Up On You

New Jersey Real Estate Contracts have extensive provisions to allow the Buyer to do “Home Inspections”. Buyers can inspect for many items including the Home itself, Wood Destroying Insects, Radon, Underground Oil Tanks, etc. Often times, the parties negotiate and reach an agreement as to repairs and/or credits to be provided by the Seller to

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Learn About Me!

I am a general practitioner of law. Although, I have resided and have my office in Bergen County, my practice includes all of northern New Jersey. I am also licensed to practice law in the state of New York. My area of specialty is anything involving real estate. I do real estate transactions for both

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Welcome Back to Our Updated Page!

Welcome back to our Blog! Thank you for visiting our website. We hope you find it informative and helpful.  

Controversial Matter

This past weeks dangerous and sad experience of a young boy who accidentally slipped into the Cincinatti Zoo and Botantical Garden’s gorilla enclosure has created controversy over animals in captivity.  A western lowland gorilla was killed to save a young boy.  The boy was in “imminent danger” leaving the zoo’s Animal Response team with no

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Mortgage Financing

As a Real Estate Attorney, most of my clients need mortgage financing in order to purchase their homes and Real Estate investments.  All of my clients complain to me about the difficulty in satisfying the banking requirements in order to be approved for such loans.  The pendulum has certainly swung dramatically from the situation as

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Buying and Selling Investment Properties

When buying and selling investment type properties, it is very important to discuss your intentions and the specific details of the transaction with your accountant as well as your Real Estate Attorney.  Too often, clients purchase properties in their own name which can have negative liability and /or tax ramifications.  An accountant and an Attorney

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Real Estate in the Spring

Real Estate is getting hot as Spring arrives. I am seeing increased activity in Real Estate transactions this month. The interest rates are still low and people are now ready to make their moves. New Jersey has taken a very long time to recover from the 2008 Real Estate recession.  This is largely due to

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