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Well, 2021 is here, and it does not seem like the real estate market is letting up anytime soon. Certainly, it is a good thing that people are out there wanting to buy homes. At the moment, interest rates are still low, and sellers are considering listing their homes to take advantage of the same. Yet, a robust and competitive market can lead to many pitfalls that people need to be aware of, especially if they are buyers.
We all know that the real estate market in New Jersey is currently hot. So much so, it is becoming exceedingly difficult for potential real estate buyers to find any “deals” or good values.
There has never been a phrase that has more connotations than the phrase “as is.” While many people believe that they understand what it means in the context of real estate transactions, often they are left wondering why their interpretation of the phrase is different than what is actually applied during a residential real estate transaction.
Certainly, everyone has been drastically affected by the COVID-19 crisis. Although we are all trying to work through this unprecedented event, everyone should take solace in the fact that we will get through it, and more importantly, we will find new and innovative ways for us to do business after the pandemic is over.
At Abdou Law, we are committed to the well-being of our employees, clients, and the public-at-large. We believe strongly about our role as citizens of this great nation committed to the greater good. This is especially true in these trying times as the United States and the world is currently facing the Coronavirus (Covid-19) pandemic that started in China and now has spread around the world, including the United States and New Jersey.
Mortality. The issue of mortality is a very difficult matter for most individuals. This is especially true when people have to consider mortality when choosing to have a Last Will and Testament prepared.
When there is an accident in a parking lot, it is very tempting to exchange information with the other driver, move the vehicles, and not report the accident…
If you fall, and are injured, you should not rush to get up. Stay where you are, and request help immediately.
And How Can Someone Injured in a Motor Vehicle Accident “Pierce” the Verbal Threshold to Obtain Non-Economic Damages for Pain and Suffering? Depending on the automobile-insurance policy that you select, if you look at your policy’s Declaration’s Page, you may see a...
If you are about to purchase a home, or if you have ever purchased a home, you have undoubtedly been introduced to the concept of title insurance. Essentially, title insurance serves to make sure that there are no title defects, judgments, and/or liens against the property. While it is undeniable that title insurance is crucial and required when you purchase a home, the way it works is somewhat different than any other insurance you may have ever purchased.
It is a common myth that attorney review is limited to three (3) days. While, it is our practice to attempt to wrap up attorney review within this three (3) day period, we believe it is more important that the terms of the Contract be adjusted to properly serve our specific client before we deem attorney review concluded and subsequently labeling the transaction to be “under contract”.
The New Jersey Supreme Court decision in Haines v. Taft (A-13/14-17) (079600) has now completely limited New Jersey residents’ ability to recover medical expenses that exceed what is indicated in their available Personal Injury Protection (PIP) coverage. In New Jersey, PIP covers your medical bills if you are injured in an accident. It is important to know that PIP pays your own medical expenses no matter who is at fault for the accident. That is why it is sometimes called ‘no-fault’ coverage.