The Right Attorney

Posted by & filed under Buying, For Sale or Rent, Selling.

The right attorney is the attorney who is best for you.  You think an attorney is lousy because it’s simply not the right match for you and your needs.  There are, of course, lousy attorneys.  Just like lousy real estate agents, lousy painters, lousy teachers etc etc etc.  When you are buying a home or selling a home, choosing the wrong attorney can be catastrophic.  Let me explain why.  I’ll…

Don’t Be Outsourced By Your Real Estate Attorney

Posted by & filed under Buying, Selling.

Beware legal and title outsourcing – it’s here in Bergen County and in my opinion it’s getting worse. Some real estate attorneys are outsourcing their work to title companies. This is a huge problem in my view. They don’t tell you they’re doing this but they do quote lower fees.  As a result, you hire that attorney.  He or she outsources work to a title company.  It gets worse.  That title…

Whether Buying or Selling, Get A Great Real Estate Attorney

Posted by & filed under Buying, Selling.

Bergen County homes are bought and sold with the help of attorneys.  While I work very hard for my clients and give them the best representation I can, I am not a real estate attorney. Real estate agents in New Jersey must use the broker form of contract for all residential transactions.  Contracts are legal documents – you need an attorney’s help. Attorneys do much more than finalize your contract.  A…

What is a short sale and does the bank own the house?

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A short sale occurs when a home that is sold is worth less than the mortgage amount and the homeowner cannot make up the difference.  For example, you sell a home for $75,000 but the mortgage is $100,000; you’re short $25,000.  The bank enables the homeowner to sell the house by forgiving the $25,000 difference.  So while the bank doesn’t own the house, the owner can’t sell it without the bank’s cooperation.   Of course, in…