Best Real Estate Lawyers in Edison, NJ

FAQs

• What is the non-emergency contact number for the local police station in Edison, New Jersey?

  The non-emergency phone number of the Edison Police Department is 732-248-7400.

• Where can I get a copy of police reports for incidents related to my case in Edison, New Jersey?

  Visit the Records Bureau of the Edison Police Department at Public Safety Wing, 2nd Floor, 100 Municipal Boulevard, Edison, NJ 08817, to obtain a copy of a police record in person. In-person access to police reports will be available three to five business days after the incident. Depending on the specifics of the investigation, some reports might be delayed or redacted.

• How long does it take to settle a commercial real estate dispute in Edison?

  It can be tough to predict the duration of commercial property litigation in Edison because the length of each instance depends on several variables, including the intricate nature of the issues and the parties' willingness to try to fix the dispute through mediation or negotiation. While a court case can span several years, a negotiated settlement might take a few months, depending on the court's availability and timetable.

• Why would a residential real estate dispute in Edison require legal representation?

  Although you might be thinking about handling your residential real estate situation in Edison on your own, having a lawyer represent you throughout the procedure can significantly increase your chances of getting the result you're hoping for. An expert real estate lawyer can assist you comprehend your legal rights and options since they have a thorough understanding of real estate law. Your rights and interests will be safeguarded by an attorney throughout the legal dispute or litigation procedure.

• What types of partitions are there in Edison?

  In Edison, a partition can take one of two forms. The first is an actual partition, in which a real estate parcel is divided into different pieces and given to each interest holder, with each holder owning the sole interest in the portion allotted to them. The second option, partition by sale, involves selling the property and dividing the earnings among interest holders. However, it is conceivable for one interest holder to acquire the other in a partition by sale.

• What costs and fees are associated with purchasing or selling a home in Edison?

  Lawyer fees and compensation for the precise cost of surveys, searches, and recording costs are included in the fees and charges for buying or selling real estate in Edison. In addition, there are costs for the lender, application fees, commissions for real estate agents, liability insurance for homeowners, title insurance to combat title flaws, and real estate transfer tax.

• What challenges may you encounter when doing a real estate transaction in Edison?

  Due to the difficulty of transferring property in New Jersey, there are numerous serious issues that could arise during a real estate transaction in Edison. These issues may include significant physical flaws in the property, an inadequate property description or survey, the absence of key information from the transaction in the contract of sale, or a seller's title lien on the property.

• What does a real estate attorney do?

  Real estate attorneys are responsible for preparing and reviewing transactional documents and helping clients with the closing process. They draft purchase agreements, perform title searches, write title insurance policies, disburse funds, and prepare federally mandated HUD-1 settlement statements. They can also help clients understand the tax implications of selling a home. In the case of a dispute between the buyer, seller, or a third party, real estate attorneys also defend clients in court. Even if there is no identifiable dispute over the transaction, an attorney will make sure everyone “plays by the rules” during the purchase or sale.

• Can I purchase property without a real estate attorney?

  In some cases, it’s possible to purchase residential or commercial real estate without consulting a real estate lawyer. However, legal representation is required in approximately 20 states, and some jurisdictions require a lawyer to be present at the closing. Usually, real estate attorneys take over once real estate agents have an offer in hand. Buyers are encouraged to consult an attorney when purchasing damaged or bank-owned property or real estate located in high-risk areas. Attorneys can also assist out-of-town buyers and negotiate favorable solutions if liens, structural issues, or legal challenges crop up during the procurement.

• What does a real estate attorney do for a buyer/seller?

  Real estate transactions may seem cut and dried, but it’s common for unforeseen difficulties to arise. Attorneys who represent buyers or sellers can facilitate a successful transaction while protecting their clients’ interests and preventing costly mistakes. On the buyer’s side, attorneys can provide advice related to financing, estate planning, tax law, and first-time home buyer credits. Real estate attorneys can also help sellers who are dealing with challenges due to liens, structural damage, probate disputes, or uncooperative partners.

• What’s the difference between real estate and property?

  Real estate includes land, permanent structures, and natural resources, such as water, minerals, and trees. Property typically describes personal items and belongings that aren’t permanently attached to land. The transfer of real property includes the bundle of legal rights, which give landowners the freedom to possess or occupy the property, enjoy their land without interference, restrict others’ access to the property, and dispose of their ownership rights as they see fit.

• What happens when a real estate lawyer puts a lien on you?

  In most cases, liens stay attached to the property until the debt is satisfied or the debtor files for bankruptcy. The creditor’s rights vary depending on whether the lien is voluntary or involuntary. Additionally, if a lien has been perfected, that lienholder has priority over other creditors. Voluntary liens are most common when homeowners use their property as collateral against a secured loan. Involuntary liens are typically related to back taxes, court judgments, and child support. Properties are also subject to involuntary mechanic’s or materialman’s liens in case a customer or contractor fails to pay for materials or labor. Liens don’t necessarily prevent someone from transferring property, but most buyers want a title that’s free and clear.

• What does a real estate lawyer do at closing?

  Lawyers perform critical functions during every stage of the closing process. They draft and review documents, negotiate contracts, and finalize all of the details needed to close the sale. Attorneys who represent buyers can negotiate the terms of sales contracts, including contingencies, perform title searches to ensure that the seller can legally transfer ownership, and resolve issues related to third-party claims, liens, and easements. They can also assist with loan paperwork, title insurance, and other financial matters, such as taxes and transfer fees. Real estate attorneys who represent sellers are responsible for handling deeds, insurance declarations, and payoff letters.

• Do I need a lawyer to sell my house privately?

  Not necessarily. Some states require a real estate attorney to be present at the closing, but there are some situations when you might consider hiring one even if it's optional where you live. Examples might include:

  • You're selling the house with an uncooperative partner
  • You've inherited a property from an owner who is now deceased
  • You anticipate tax consequences

• Can a real estate lawyer represent the buyer and seller?

  Generally speaking, no, because the seller and buyer have different priorities when it comes to a home sale, and some of those interests conflict. States have specific laws governing whether or not a real estate lawyer can represent the buyer and seller, and if this does happen, there's often a waiver that has to be signed by both parties acknowledging a conflict exists. States may have different names for a document like this, but it's usually called a Conflict Waiver. Acceptable exceptions for using the same real estate lawyer might include a property being transferred from one family member to another, such as a father to his son.

• How much does a closing attorney cost?

  Some states require a closing attorney, while others deem it optional. The cost of hiring a closing attorney varies widely by the state and law firm you choose. You can expect to pay between $2,500 and $3,000 for a simple buy/sell transaction, but keep in mind that this cost is likely to vary depending on your location and the complexities of the closing.

• Do you need a lawyer to sell land?

  Technically, no, you don't need a lawyer to sell land, but there are some situations when it might be a good idea. You might consider hiring an attorney if you are faced with existing boundary disputes, involved in a sale of land that's partially wetland, or in circumstances concerning tax issues. Specific laws related to land vary by state, but one potential issue is the tax rate, which can differ depending on whether the land can have structures built on it.

• What role does a real estate lawyer play in mortgages?

  Lawyers can assist buyers and sellers in transactions involving bank financing. They can review the fine print, any title insurance declarations, and the mortgage terms. A real estate attorney also will ensure that funds are distributed to the correct parties, especially if there are any outstanding mortgages or liens that need to be paid before the title transfer.