Joe W.
We need help with eviction
8 March 2011 | 9 replies
My wife and I began renting a one-family house in New Jersey in February 1986 and have paid rent every month without fail and have maintained our tenancy as model tenants without incident.We had a one-year lease for the first year only after which time we never renewed and as such have been month-to-month tenants for over 24 years.Now our landlord wishes to sell the house and evict us, and it's causing stress and anxiety every day.I am here for information to learn if our landlord:1) must by law sell it to someone who will continue to rent to us; or2) will be able to force us out; or3) if this is a case that could go either way.New Jersey law states that one cause for an eviction action is when "the owner of a house or building with three or fewer apartments wants to move in or is selling the house or building to a buyer who wants to move in."
Kevin N.
Inspection report said plumbing system would not hold 40 psi?
13 May 2011 | 15 replies
so any bad faucet, toilet, crack in a pipe or bad seal would cause this to fail.
Robert Steele
Buyer demanding mediation over seller disclosure
27 October 2011 | 20 replies
Your wife looked at the area and thought it was wood rot so had taken out and put new wood in it's place.The current purchasers are saying you did not disclose termite damage in the location.The buyers can accuse you of "fraudulent concealment" which is trying to cover up a known problem.If you simply took out wood rot and did not disclose that this was an area you thought was wood rot but were not sure then it could come back on you.If you are unsure you always disclose.This puts it back on the buyer to their "right of their own inquiry".If they fail to pay and do due diligence before a purchase then it's on them.If their termite report showed no damage in that area the termite inspector could say the seller covered it up with new wood.It's pretty easy to see if you have active termites versus wood rot so your wife claiming ignorance in my opinion in would not stand up in a court of law.I am not giving legal advice but it seems from the sellers stand point you could have handled this much better.If you were unsure about that area you could have had an acknowledgment signed before closing by you and the buyers.They then might have backed out of buying.If you made 20k profit and you have to settle for 1k you are still ahead of the game.You have to live and learn.No legal advice.
John Henry
HOAs in SF Home Communities, good/bad for rental props?
29 March 2011 | 2 replies
It would seem to generally be a plus to families looking to rent.But I wonder about my potential problems increasing if the tenants fail to keep the HOA happy.
Bryan Hancock
Nouveau Riche Founder Ordered To Pay $5.57M For Illegally Marketing Securities
30 March 2011 | 9 replies
Additionally, the Commission found that the respondents failed to recordany liens for the benefit of the investors.The Commission found that Piccolo and Five Star Capital Markets, LLC solicited potentialinvestors to buy the unregistered deed of trust investment while not being registered to offer or sellsecurities in Arizona.
Dan Brindley
Landlords: Did You Ever Wish You Invested in the Stock Market Instead?
6 April 2011 | 25 replies
The vast majority of professional fund managers fail to beat the market, with super-computers, access to CEOs, and all the data on the planet at their disposal.
Matt Rosen
Wholesalers who think their deals are great
9 April 2011 | 8 replies
My advice to a newbie wholesaler would be fail forward.
Dick M.
Home steps, whats their problem???
11 April 2011 | 3 replies
I can't see in the addendum that I can't walk, and a paragraph says either party is limited to $1K loss if the other fails to proceed to settlement.
Jeff N.
PM offering to use his own money to improve your units.
5 May 2011 | 4 replies
Sounds like he's new to the business and is trying to build clientele.We offered credit for quite a while, and it failed miserably.