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This transfer, or assignment, is usually only allowed when the mortgage is assumable, says Rajeh Saadeh, a Somerville, New Jersey-based real estate attorney. When transferring an assumable ...
In the transfer of real estate, a deed conveys ownership from the old owner (the grantor) to the new owner (the grantee), and can include various warranties. The precise name and nature of these warranties differ by jurisdiction. Often, however, the basic differences between them is the degree to which the grantor warrants the title.
Request the property’s current title status as well. Visit FEMA.gov to verify whether the property is in a flood zone. Commission a thorough home inspection, including water, well and septic ...
In addition, private transfer fee statutes in Alabama, California, Connecticut, Kentucky, Maine, Nebraska, New Jersey, North Dakota, Pennsylvania, South Dakota and Texas [12] require that the sales contract between the buyer and the seller disclose the existence of a private transfer fee covenant, which provides an additional form of actual notice.
The Mount Laurel doctrine is a significant judicial doctrine of the New Jersey State Constitution.The doctrine requires that municipalities use their zoning powers in an affirmative manner to provide a realistic opportunity for the production of housing affordable to low- and moderate-income households.
In a statement to WREG, the Better Business Bureau (BBB), said: “Quitclaim deeds are meant to be an easy way to legally transfer home ownership to someone else, but scammers are using them to ...
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