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Life Estates in Real Property

Let's assume that you're retired and you own a house that you would like to convey to your children after you are gone. You'd prefer not to have the house run through your estate, but you don't want to transfer the property now, as you want to stay in your house for the rest of your life, if possible. If you want the property to go to your … [Read more...]

Docketing a Foreign Judgment in New Jersey

If you are owed money by an individual or business outside of the state of New Jersey, and you successfully obtained a judgment against the debtor in another jurisdiction, that judgment is entitled to "full faith and credit" in New Jersey, but you must take specific steps to "docket" the judgment in New Jersey. If you properly docket the judgment, … [Read more...]

The Notice Requirements under the Commercial Bulk Sales Act in New Jersey Real Estate Transactions

Under New Jersey law, as revised in 2007, real estate transactions are included in among the exchanges covered by the state's Commercial Bulk Sales Act. The statute covers the sale of rental property, real estate used in a trade or business, real estate owned by a business entity, deeds in lieu of foreclosure for income producing properties, … [Read more...]

Why You Want an Attorney Present at a Real Estate Closing

If you are like most people, the single biggest investment of your life will be your home. It's a transaction that involves a substantial number of complex items, from the Agreement of Sale, Home Inspections, from the mortgage documents to the Commitment for Title Insurance and the Deed. When this much money is at stake, it's a wise decision to … [Read more...]

Why You Need a Real Estate Lawyer

If you are buying or selling real property, you can seek out the assistance of a real estate agent or try to get through the process using information obtained from the internet. So why would you want to hire an attorney to oversee the transaction? That can cost a lot of money, right? No – generally legal fees to handle a real estate settlement … [Read more...]

The Different Types of Real Property Deeds

When you are buying or selling real estate, one of the critical documents required to complete the transaction is a deed. The deed is a legal document that officially transfers title and ownership of real property. It is signed by both the buyer and seller and is typically recorded at the register of deeds office. There are, however, different … [Read more...]