Monthly Archives: June 2012

Short Sales May Have Tax Consequences

            A “short sale” occurs when a mortgage lender allows a Seller to sell their property for less than the balance owed on any outstanding mortgage(s). Most lenders waive their right to pursue the short fall and cancel or forgive … Continue reading

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The Attorney Review Clause

In New Jersey, all realtor-prepared contracts for the sale of residential real estate, containing one to four dwelling units and most leases, must contain an attorney review clause.  The attorney review clause, approved by the Supreme Court of New Jersey, … Continue reading

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