Category Archives: Real Estate

Buying and selling of property in New Jersey can sometimes require the assistance of a lawyer

Do I Need a Lawyer for a Construction Dispute?

Lawsuits are common in the construction industry, companies and contractors can be sued for construction delays, zoning and property use violations, illegal mortgage practices, and many other reasons. Even small construction jobs can turn into complicated legal battles. Common Reasons for Construction Lawsuits Unforeseen conditions: Things like an inability to obtain construction permits, weather damage, and underestimating the cost of building can halt or completely undermine a construction project. This can lead to legal claims. Bad construction work: Unfortunately, not all construction businesses will take the necessary care and precaution to do a good job. Shoddy work can lead to litigation, like the case mentioned with the New York City’s Governors Island Trust above. Property inspections: Inspections determine home values, questions with zoning and land use, and debates can occur about which party will sponsor the inspection. Since these inspections are so important, legal claims can form. There are many…
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Why Are There Fewer Available Homes in the New Jersey Housing Market?

New Jersey is experiencing a loss in the number of available homes, which is driving up the cost of home prices. According to a recent article on nj.com, the number of homes dropped between 15-20 percent in the past year. Why Is the Number of Available Homes Decreasing? Labor shortages: During the last five years, the housing industry has experienced shortages in skilled labor. There are currently 154,000 open available construction jobs in the US, down from last summer, but it still represents an issue. One of the reasons for the shortages is that many projects are being placed on hold due to over saturated markets. Another issue is that the construction industry relies heavily on immigrant labor, which has come under fire under the Trump administration. Undocumented workers are turning down projects, and there aren’t enough people willing to fill those positions. Unaffordable housing: Mortgage rates increased this year,…
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Do I Need a Mortgage Broker to Find a House?

Looking for your dream home is not a decision that should be rushed. You will likely end up spending much of your life paying off a home, and getting a house that is right for your life is extremely important for well-being. You may try to seek out a home on your own, but there are risks involved if you are not familiar with the housing market and unfair mortgage practices. One of the options you have to ease the process of finding a good deal is to consult a mortgage broker. A mortgage broker has access to many different mortgage options and homes, and has knowledge to help you select one that fits your needs. Benefits That a Mortgage Broker Can Provide Consolidation: The broker can act as a liaison between different parties that will be involved in the loan process, including escrow officers and title companies. This will…
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When Do You Need a Construction Lawyer?

Construction projects involve the interaction of multiple parties including contractors, large construction companies, equipment manufacturers, and real estate agencies. With the amount of coordination needed from different parties, many issues can arise. Disputes that get serious enough may need legal action to settle. Construction Issues That May Require Legal Assistance Physical property damage: If your personal property is damaged during construction, you may need assistance from an attorney to get reimbursement for the value of the property. Construction delays: Some construction companies will take your money before building then continue to delay the project. Breach of contract: Multiple contracts may be involved with a construction project. To fully understand them and hold every party accountable to the terms, an attorney may be needed. Real estate lawsuits: These can arise for many different reasons including zoning and land use laws, title issues, mechanics lien payments, and real estate inspections. These are…
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How to Avoid Foreclosure and Keep Your Home

Foreclosure can happen quickly to anyone, including those with seemingly secure financial situations. A mortgage plan that doesn’t fit your needs, the loss of a job, or mounting debts can place your property in jeopardy. However, a notice of foreclosure doesn’t always mean you have to lose your home, there are multiple strategies to start paying off your mortgage debt and keep your home. Ways to Avoid Foreclosure Mortgage renegotiations: You can shop around for different mortgage rates, ask for a lower monthly payment from your provider, and consult the help of Federal Agencies to negotiate a more affordable amount of payment. Short sale: When the lender is trying to foreclose on your home, they are trying to turn around and resell it. If you receive an offer for your home, forward it to your lender and they may accept the offer to save time and money. This can save…
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