Home Inspection Report Importance After the new attorney contract is agreed to by both parties. The buyer must then obtain a home inspection report within 14 days in most cases. This report is very important. Your home inspector will go over the house very carefully...
While your home inspection is going on you will also be required to obtain your mortgage commitment, if you are not already qualified. The contract will most likely contain a mortgage contingency which will provide you with a certain time frame from the signing of the...
Just prior to the real estate closing there will be a final walk through or inspection at which you and your realtor will do an inspection of the premises to determine if the seller has left the premises in broom clean condition, removed their personal items and made...
Attorney Review Period begins once your offer has been accepted, the realtor, if there is one, will usually accept a $1,000.00 initial deposit to secure the acceptance and will prepare a broker’s contract. This is a bare bones contract which is missing much of...
The process of selling a house in NJ can be stressful and frustrating. If it has been a while since you bought your house you may have forgotten all the things that need to be taken care of in a relatively short period. Regardless of how long it has been you will need...
The process of buying a house in NJ can be very daunting; especially for a first time buyer. Once you have found a house that you want to buy and have agreed upon the price things can move very quickly with some very important and critical deadlines that must not be...
In this segment I would like to focus on how one can go about buying a foreclosed house. There are several stages at which this can happen; pre-foreclosure, foreclosure and post-foreclosure (also referred to as “REO”). These different stages offer differing...
In this segment, I will discuss the mortgage foreclosure process as a follow-up to an earlier overview concerning your available options when facing a foreclosure. I am focusing on the process in New Jersey, but most of these procedures are the same in New York. The...
If you are experiencing difficulty making your mortgage payments, a loan modification might be the answer. Years ago, if you were behind in your mortgage the only question was whether or not you could bring it current. If not, you were facing a foreclosure. Since...
