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Many people wait to prepare a Will for many reasons. Often times, people wait until an unexpected event happens, such as needing to get on an airplane in an emergency or having to undergo surgery or a medical procedure. Others feel they are still young in age do not need to worry about having a Will prepared until they are older. However, having a Will is an easy process that should be done at an early age and will ensure that a person’s last wishes are followed.
The latest real estate scam is privately owned vacant lots, free of a mortgage or other liens, being sold without the owner’s knowledge. The con artists will search public records and identify parcels of land that are free of a mortgage or other liens.
Penalties for willfully not complying with the reporting requirements can result in criminal and civil penalties of $500 per day and up to $10,000 with up to 2 years of jail time.
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When purchasing a single or multi-family house in New Jersey, many Buyers do not want to spend the money on a property survey, which can range from $750 to several thousands of dollars depending on where the property is located and the size of the property. While surveys are not required by law in New Jersey, some lenders may require that a Buyer have a survey performed as part of the loan process.
To probate a Will in New Jersey, the Executor named in the Will must take the original Will, along an original, sealed death certificate to the Surrogate in the county where the deceased passed and complete the necessary forms to probate the Will. But what of the Executor cannot find the original Will? The process becomes a bit more entailed and may require the assistance of an attorney.
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Most real estate contracts include a provision for the Buyer to pay a deposit, also called an earnest money deposit, which is a portion of the purchase price paid generally after attorney review is concluded, and held in the trust account of one of the attorneys or the title company until the time of closing or proper termination of the contract. If a Buyer fails to close on the real estate transaction without the excuse of an applicable contingency (i.e., the Buyer was denied a mortgage, there was an unsatisfactory home inspection), the Buyer may be deemed to be in breach of contract. Most Sellers are under the impression that they can automatically retain the Buyer’s deposit; unfortunately that is generally not the case.
Identity theft occurs when a person uses your personal information such as name, Social Security number, credit card or bank account information without your permission to commit fraud or other crimes.
New Jersey residential real estate contracts generally include a closing date and most Buyers and Sellers believe that the contract closing date is a firm date and that the closing will definitely take place on that date.
Tidelands, also known as riparian lands, are lands now or formerly flowed by tidal waters including bays, lakes, rivers, streams, or creeks. Even property that is currently well inland can be subject to a tideland claim.
COVID-19: A notice to all involved in your upcoming real estate closing.
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Any type of raw meat should not be touched with other foods. To prevent bacteria from spreading you should- cook, clean, chill and separate.
NJ Statute 2C:18-2 Burglary *This page is intended for reference only for The New Jersey Criminal Codes of Justice. It is intended for educational purposes and the content cites https://law.justia.com for the N.J.S.A Criminal Codes.