20 August 2015 | 14 replies
Does a Special Warranty Deed mean that any previous liens, judgements against the property now become the responsibility of the new owner?
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26 January 2016 | 47 replies
So now 5 months later with at least 2 more to go, you are out 5 months of rent, $7,000 in legal bills (and counting-we are not even at trial at this point) and by the way, if the tenant wins their case, the insurance company probably will not cover the judgement as it is excluded in the policy.Also, if the tenant decides to call code enforcement and they find mold, now you have to remediate professionally (again not covered by insurance) and it will cost you about $15,000 or more because they have to do the whole building to kill all the mold.Oh, and by the way, the tenant called code enforcement and there is no visual mold but all this is going on anyway.So legally, you may not have to but it will cost you a lot of money when you get a tenant who can play the system.Make the attempt to fix it so you can say you did.Tom
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5 November 2019 | 3 replies
As a contractor who is getting into Real Estate also, no judgement at all.
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4 June 2015 | 20 replies
You need to get some advice on how to proceed from somebody who knows the legal landscape in your area (judges, judgements etc).
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31 May 2015 | 4 replies
Thanks Ibrahim,Your vast experience with NJ real estate makes me trust your judgement.
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11 June 2015 | 30 replies
Use your best judgement here and choose your battle wisely as their counter argument would rest on when they did "properly identify" you as SII.
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5 June 2017 | 113 replies
If you get a judgement against you, and you have a single member LLC, the courts have indeed ignored (disregarded) the entity and stripped the so-called "protection" that the person forming the LLC thought they had.
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7 June 2015 | 6 replies
This is my third or fourth eviction, but this time the court clerk just mailed back my request for default judgement, rejecting it stating "no service on unnamed occupants".On the unlawful detainer complaint, the tenant was named with "does 1 through 10".But the sheriff only served the named tenant and no other occupants were identified.
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2 June 2015 | 1 reply
She considered foreclosure but the state will allow for deficiency judgement and the bank will come after her.I don't know what to tell her, what can she do to get out?
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18 June 2015 | 12 replies
Don’t let that cloud your judgement that its ultimately not a deal.