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she still owes 75k (sale is about 475k). I am a joint applicant with wells fargo. she wants to move in with us as we are in process of also buying new home. she wants to give us a significant amount to add to new house but wants to avoid paying so much on taxes.
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answered on May 27, 2018
The simple solution is a 1031 Exchange if your new house qualifies.
The property management is very rude and takes a week to answer any simple question. So, we only notified a little bit of the renovation details and they found out we are doing more. They stopped us and yelled at us to get a permit. We went to the town hall, but they said we do not need a permit... View More 
answered on May 25, 2018
You would need to pay a lawyer to review the condominium bylaws in order for a lawyer to tell you what your rights and liabilities are. Every condo has different rules.
They have been broken up for close to three years .And he hasn't lived in the house in that amount of years she has.She has been paying the mortgage on the house.My fiance doesn't want the house and told her she can have it just get my name off the mortgage on the house.She is not co... View More
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answered on May 20, 2018
The only way that his name can be removed is if his ex-fiance agrees to refinance the mortgage or if he retains counsel to force a sale of the property.
answered on May 20, 2018
You certainly risk being evicted for having a pet, but whether you will is up to your landlord. I suggest you talk to him and offer him an extra $100 a month which is common charge in apartment leases for having a pet due to the extra damage they do to an apartment.
I lost my house in a sheriff sale. I live in NJ I am in the retention period I need more time
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answered on May 11, 2018
There is no way that will happen. The lenders and Courts have no heart. But you need to file a Bankruptcy to wipe out any personal liability.
My husband passed away without a will, and we live in NJ. I am not on the deed or mortgage on the house. The house is underwater and the Estate is insolvent. If I walk away from the house and let it go into foreclosure, could the bank come after me? All house bills are in his name only.
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answered on May 11, 2018
Your best bet may be to file a Chapter 7 Bankruptcy, but to determine if that is the right solution, you need an in person consultation with an experienced Bankruptcy attorney.
My brother lives in a Aguada, Puerto Rico two story dwelling, owns & lives in the first floor, rents the second floor. Half of us live in NJ, the rest in PR, but, PR claims that the 2nd floor-where my parents once resided before their death, is a "separate property" and requires... View More
answered on May 6, 2018
You need to ask your question on the Puerto Rico Section of Justia if it exists as you posted the question in NJ.
I will be selling my NJ house to the tenants who live in the same house. They intend to use the house as their principal residence.
Does the transfer of this property qualify under NJ law as a transfer of investment property simply because it was rented?
What implications for the... View More
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answered on May 5, 2018
No it does not qualify. It is not an investment property for the tenants or you.
I called the Trustee's office and spoke with one of the paralegals who told me that my Chapter 13 loan modification hearing was postponed until May 23rd, 2018. Shouldn't my lawyer have told me this ? The Trustee's office sent a email to my lawyer and he in return sent one to me... View More
answered on Apr 25, 2018
You need to seek an independent second opinion as to the status of your case before you make any decisions.
answered on Apr 13, 2018
Maybe much depends on the township rules unless it is a state or county road, then you have to contend with them also.
I am trying to buy an condo in NJ with tenant in place. Tenant has a lease till Aug 2018. If tenant is not paying rent can we evict them out? I have seen some tenant in some place where its impossible to evict them, why is that? What are the points I should add to my contract to make sure I am not... View More
answered on Apr 13, 2018
You ask a lot of questions and many of them are involved and vary from town to town as some towns have rules in regards to rent regulations. I suggest you setup a 1/2 to 1 hour consultation with a lawyer to discuss what is needed. Of course a lawyer will charge you his hourly rate for the advise... View More
He has told me he can sell his half as a condo, but I was a mortgage processor and has basic knowledge. I do not want my yard as commom space. I have 2 large dogs and would like a fence for safety purposes as well as privacy, can I legally do this?
answered on Apr 13, 2018
First it needs to be converted to a condo. A survey is done to define the private and common areas, set designated parking spaces and storage areas for each owner. A master deed and by-laws must be drawn up and recorded. These are legal documents prepared by an experienced real estate lawyer. The... View More
A legal document was drafted by one party who was in a 50/50 Tenants-in-common real estate arrangement. The document was presented to the other party, who at the time was an elderly person with terminal cancer and on heavy opioid painkillers. She was told to sign the document. And as mentioned... View More
answered on Apr 11, 2018
Maybe a lawyer would need to review the document, of course they will charge you to do this. The bigger problem was that the person was on pain killers and may not be of sound mind or body.
Our mother passed away and, the lender took over ownership (vacant home) as we began to submit legal documentation granting us ownership. They then hired another company to winterize the home. When we regained ownership (2 months later) we found the winterizing went all wrong. Company forgot to... View More
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answered on Apr 9, 2018
Your situation requires an in person consultation with both an experienced mortgage foreclosure defense attorney and a civil litigation attorney. Trying to represent yourself in Court is a bad idea. Not only are you emotionally involved, but you are not a trained attorney. You do not know the Court... View More
She owns her current house. I have no stake in that. Is there a form a lawyer can draft and she could sign so that if I buy my own house she can't claim she owns it since we are still legally married ?
answered on Apr 7, 2018
Yes you can have an agreement for such, but 1) you will need a lawyer to draft it for you, and 2) it must be fair in its terms and the several other rules should be followed to give you the best chance to have the agreement to be enforceable. However remember nothing in life is 100% certain so... View More
DO I have to offer her another yearly lease? Or is she placed on month to month? Or can I just terminate the lease and force her to move out by the end date of the lease?
answered on Apr 4, 2018
Maybe, you need to check with your township as each town has different as some have rent control.
Her estate went through probate and the executor confirmed transfer of the condo to my brother. There was no mortgage, but he has paid the HOA dues and property taxes each month since her death. He has not paid inheritance tax or requested a tax waiver from the county in which the property is... View More
answered on Apr 3, 2018
More information is needed to determine what to do, but he needs both a good lawyer and good accountant.
My wife and I bought our house with her brother in 2009. He then got married and was buying a house so my wife and I had to refi which we did in 2013. Now we come to find out when we were foreclosed on recently he received the legal papers as well b/c he's still on the mortgage documents.... View More
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answered on Mar 27, 2018
Your situation is not something that can be answered in this forum. You need an in person consultation. You need to retain experienced mortgage foreclosure defense counsel. Only a mortgage foreclosure defense attorney has the expertise to prevent you from having more problems than you can possibly... View More
Is there a statue of limitations on the length of time it takes her to give me her new address before I can keep the deposit?
answered on Mar 26, 2018
You would be unable to keep the deposit. The money is not yours. There are procedures to turn the money over to the State of New Jersey as unclaimed funds. It is important to follow those procedures properly. Not handling a security deposit properly can lead to your former tenant having grounds... View More
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