All that is needed is one deed with your sister named as the grantor (seller) and you and your son named as grantees (buyer). The deed can simply either name you and your son as joint tenants which has rights of survivorship or add a clause after the description that it is the intention of the...Read more »
My husband worked as an IT lead from 2016 to 2020 june and started again in nov 2020 to may2021 and got another job in july2021 and still working there can we buy a property now or we have to show two years job
My house I bought sits on 4 acres. The seller inherited the land from his grandparents. My next door neighbor is the previous owners brother who owns an identical lot to mine. Behind my property is a planted field with corn by the previous owners uncle. The guy I bought it from used to let his... Read more »
NO! A quitclaim deed is not worth the paper it is printed on. It has no effect on the mortgage and does not relieve the signer of the quitclaim deed of any liabilty. The best bet would be to refinance the property to eliminate the ownership of the other person.
(I'm subletting; my housemate is the lessee.) The landlord (who bought the house less than a year ago) told us he wanted to sell, made verbal offer to my housemate to sell it to her for what he bought it for. She was interested, scheduled inspection, talked to the bank. Then a couple of weeks... Read more »
In order for an agreement to sell real estate in NJ to be enforceable, the contract must be in writing. The only verbal real estate agreement that is enforceable is for a lease of one year in duration.
I have been in thus apartment for over 2 years. Never knowing that the sublet was illegal. Today both the landlord and the property management company told me 8 have 2 days to get vacate the premises or legal action will be taken.
Remain where you are until you receive a Court oder or a Board of Health requirement to vacate. There is no self help in NJ. The Landlord must file an appropriate action after complying with statutory requirements.
Without reading the by-laws of the the condo board, no one can answer that. But if the property has been condemned it may not be sellable. But if it can be sold, as is, then you should take the money and run.
Mortgages are negotiable instruments that can be freely bought and sold, without your consent. To determine what your options are, you really need to retain an experienced mortgage foreclosure defense and bankruptcy attorney. Choosing a cheap attorney can often lead to expensive mistakes and/or...Read more »
My sister is currently Administratrix of my late mother’s estate and has already committed various breaches of fiduciary duty, including requesting the estate reimburse her for debt owed by the decedent she was liable to pay as power-of-attorney and attorney-in-fact to the decedent before her... Read more »
You need to go over everything you just asked a question about with an attorney. I have seen a $400 home sell for $78,000 because of liens that couldn't be avoided so the new owner took on the liens. I have also see properties sell under market value because a hoarder lived in them, tenants...Read more »
I am living on a month to month at my current residence. On 7/2021 old owner gave all tenants a written notice that she was selling the property and we had to move. My move date was 9/1/2021. I was/am still searching for affordable housing. There were negotiation issues, inspections,... Read more »
There is no self help in NJ. A landlord can not lock you out. If you choose not to move, the LL must file an eviction action with the court The Court has the power to stay an eviction for up to six months. Make the LL take you to court. If LL successful ask the order to stay the eviction. So...Read more »
I have signed a 3 year lease and my rent is completely paid. Because the owner wants to sell the property 2 and a half years into the lease he is threatening to terminate my lease based on a question answered on the rental application 2 and a half years ago..
A difficult question to answer without more fact. I would, however, suggest, that since he accepted that answer and leased the premises to you would indicate that the answer was of no consequence then and remains so now. Briefly, it should not be considered as a basis for non-renewal now.
I live in NJ. My landlord gave us notice that he will not be renewing our lease in January. It is a two family home and the landlord resides in the other unit. However, due to Covid we are a family of 4 with a one income household. Unfortunately we have no savings to just move out. Can we request... Read more »
Yes, do not vacate when requested. NJ does not recognize self help. The LL will be required to file an action in court for possession. Make sure you attend all court proceedings. If the court enters judgment for the LL, ask the court to stay the eviction proceedings. The court has the power to stay...Read more »
We divorced in 2013. House was underwater heading to foreclosure. Judge said my 4 kids and I could remain in home as long as I kept up with all bills. Ex had nothing to gain so he agreed. In those years I managed to gain equity in home and I'm ready to sell. I have already moved out and my... Read more »
in the process of purchasing a new home. Mom is putting the down payment down, gifting to me. Condition is, she wants to be on the deed of the home so as to say, when she passes, her portion of the home will be willed to me and I will have majority ownership of the home. What issues might I run... Read more »
A very easy solution that will eliminate many concerns for both you and your mother. Instead of being placed on the deed. She is given a mortgage in the face amount of the money she is lending you to buy the home. The mortgage has a safe harbor rate of interest payable once yearly, just the day...Read more »
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