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The Real Estate Consumer Protection Enhancement Act, which is meant to create a more transparent and buyer-friendly housing market, officially went into effect in New Jersey Aug. 1, resulting in ...
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Under the new law, all sellers of real estate property have to disclose any specific flood risk information via a property condition disclosure statement before the buyer becomes obligated under ...
In real estate, escrow is typically used for two reasons: to protect a buyers' home deposit to ensure that money is available based on the conditions of the sale, and to hold a homeowners' funds ...
The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. [1]
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 some states, homestead protection is automatic. In many states, however, homeowners receive the protections of the law only if they file a claim for homestead exemption with the state. Furthermore, the protection can be lost if the homeowner abandons the protected property by taking up primary residence elsewhere. [citation needed]
A bill (S-1614) was signed on July 10 that will cap out-of-pocket costs for many Americans who need insulin by extending Medicare's insulin cap to state-regulated markets and NJ public employee plans.