Real Estate Transactions Frequently Asked Questions
-
Do I need a real estate attorney to buy or sell a property in New Jersey?
While it is not legally required to hire an attorney to buy or sell a property in New Jersey, it is highly recommended. A real estate attorney can provide legal advice, ensure all necessary documents are properly prepared and executed, and protect your interests throughout the transaction.
-
What is the process for closing a real estate transaction in New Jersey?
The process for closing a real estate transaction in New Jersey typically involves several steps, including a title search, a home inspection, the execution of a sales contract, and the transfer of funds and ownership. A real estate attorney can guide you through each step and ensure everything is done correctly.
-
What is the role of a title company in a real estate transaction?
A title company is responsible for conducting a title search to ensure no liens or other encumbrances on the property could affect the sale. The title company also issues title insurance to protect the buyer and lender against any claims or defects in the title.
-
Can I back out of a real estate contract in New Jersey?
Yes, you can back out of a real estate contract in New Jersey, but there may be legal consequences depending on the terms of the contract. It is important to consult with a real estate attorney before attempting to terminate an agreement.
-
What is the difference between a mortgage and a deed of trust?
In New Jersey, a mortgage is a document that gives the lender a security interest in the property. At the same time, a deed of trust is a document that transfers legal title to a third-party trustee until the loan is paid off. The trustee holds the title as security for the lender and can foreclose on the property if the borrower defaults on the loan.
Main Address
1720 Highway 34
Suite 10,
Wall Township, NJ 07727
Bordentown Office
(By Appointment Only)
33 Third Street 2nd Floor Suite 3
Bordentown, NJ 08505
Metuchen Office
(By Appointment Only)
247 Main Street
Metuchen, NJ 08840
Privacy:
Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.
Attorney Advertising.
This website is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.
Legal Disclaimer:
George E. Veitengruber III and Nicole A. Suissa are New Jersey attorneys, practicing New Jersey law exclusively in New Jersey. None of the information contained herein should be deemed to apply in other states, nor may this page be construed in any way as an attempt by either Ms. Suissa or Mr. Veitengruber to practice law in any state other than New Jersey. This page is intended to provide general information about our firm and its areas of practice to our current and potential clientele. It is not intended to give legal advice to anyone on any subject. That can only be done through a complete consultation with one of our attorneys. Legal advice obtained through this site does not create an attorney-client relationship, and the reader should not rely on same. According to the Supreme Court of New Jersey, and pursuant to the New Jersey Rules of Professional Conduct, this may be considered an “advertisement.” Before making your choice of attorney, you should give this matter careful thought. The selection of an attorney is an important decision. If the representations made on this page are inaccurate or misleading, you may report this to the Committee on Attorney Advertising, Hughes Justice Complex, CN 037, Trenton, NJ 08625. We are a federally designated debt relief agency — we help people file for bankruptcy. Information provided regarding “legal questions” or “bankruptcy updates” is for informational purposes only. While we hope and believe the information will be helpful, we do not warrant that the information is accurate or complete. Information is provided only in accordance with New Jersey and/or Federal Law. We are not licensed to practice law in any states other than New Jersey. The information does not constitute legal advice and should not be relied on as such. If you want legal advice, please consult a local lawyer directly. While we would welcome the opportunity to be that lawyer, we do not accept clients or render advice until the completion of a client intake form and a signed retainer agreement.