Archived
Breach of contract - A contract was entered for basement construction in June 2013, contractor unavailable after taking deposit
Michael's answer
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Answered on March 03, 2014
Home improvement contracts in New Jersey are strictly regulated. The contract must, among other things, provide a start date and an end date for...
Would there be realty transfer tax if the house in a foreclosure? what does Deed-exempt mean?
Michael's answer
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Answered on February 13, 2014
(1) There is no RTF if there was a deed in lieu of foreclosure. However, there are other types of transactions (e.g., any transfer for less than...
In NJ. When does the statute of limitations period begin on a defaulted commercial loan re a personal guarantee for the loan?
Michael's answer
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Answered on February 08, 2014
I agree with Mr. Balassa. As a general rule, the statute of limitations begins to run when you learn you have been harmed. In a typical, unsecured...
Archived
What to do when buying a home with a finished basement without permits?
Michael's answer
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Answered on February 08, 2014
I agree with Mr. Lamont. Your concerns are valid. If the improvements were made without permits, it is likely that the township may make you remove...
Archived
Huge tree limb from neighbor's tree fell on my side of the property line.
Michael's answer
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Answered on February 08, 2014
The lawyerly answer is - it depends. A tree limb falling due to a storm is considered an act of nature and the tree owner is not typically...
Archived
Real estate - deed - mortgage. If a person cosigns a mortgage in New Jersey is there a requirement to be listed on the deed? Was
Michael's answer
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Answered on February 06, 2014
There is no requirement that a co-signer of a mortgage be listed on the deed.
Is there a 3 day rescission period to cancel on a non purchase money mortgage ?
Michael's answer
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Answered on February 05, 2014
As a general rule, only contracts prepared by real estate brokers and agents are required to have a three day right of rescission.
And, yes, a...
Property tax records shows $1 purchase price, however is it listed at a short sale? I am confused
Michael's answer
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Answered on February 05, 2014
A price of $1 does not necessarily mean that the transfer was a gift. The $1 found on a deed simply reflects a transaction price meant to avoid the...
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Archived
NRULLCA and how it will effect a current Operating Agreement.
Michael's answer
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Answered on February 03, 2014
Without seeing your operating agreement, it is impossible to say how RULLCA would affect your company. RULLCA, as a general rule, applies when you...
Archived
Is there a statutes of limitations in new jersey regarding owing condominium fees?
Michael's answer
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Answered on January 31, 2014
The statute of limitations for a breach of contract claim in NJ is six years.
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