Considering a move? Need information on the local real estate market? We've summarized much of what we feel is important about the area including Maplewood Real Estate, Millburn Real Estate, Short Hills Real Estate, Summit Real Estate, Chatham Real Estate and the Madison Real Estate markets in this site. Our neighborhoods along the Midtown Direct Train line are a commuter's dream...just 30 minutes from Manhattan. Check out the train schedule and your commute at www.NJTransit.com
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Buyers, contact us with confidence... as your trusted, professional real estate partners, we will help you find the best home in the area within your price range. Your home may likely be your most valuable asset...therefore choosing the right one should be one of the most important events in your life. Born & raised locally, we know the real estate inventory, schools, neighborhoods and communities of Millburn/Short Hills, Summit, New Providence, Chatham, Madison, Maplewood/South Orange, Harding/New Vernon, Bernardsville areas better than anyone and will guide you successfully through the process.
Sellers, in tandem with your purchase or independantly, we will sell your home, for as much as the market will bear, and as quickly as possible. Our Sellers have prevailed throughout the recession with our proactive approach. Put our track record and knowledge to work for you if you're considering a move or preparing your home for the market. Staging, pricing & marketing are our expertise! Feel free to consult with us without any obligation.  Buyers looking for homes or Sellers looking for comps should be in the know...start the education process today and we'll put you on auto email to get notification as soon as the new listings hit the market! In the meantime, here's the Garden State MLS link for your convenience www.gsmls.com
To understand what's going on in the local real estate market click here for recent home sales stats including active inventory & pending sales (updated weekly) in Millburn, Short Hills, Summit, Chatham, and Madison, New Jersey.
We look forward to introducing you to the beautiful and dynamic communtities of Millburn, Short Hills, Summit, and the other New Jersey communites along the Mid-Town Direct train line! |
Titles >Ways to Hold Title
When two or more people purchase property together, there are three ways that the title can be held. Knowing the implications of each form of ownership will help you decide how to write your deed.
"Tenancy by the entireties" is reserved exclusively for married people. Both husband and wife own an undivided interest in the property. On the death of one party, the surviving spouse owns the entire property and no probate will be necessary. When unmarried persons buy a home together, they should seek legal advice regarding how title should be held. As "tenants in common" each party owns a percentage interest in the property. On the death of one party his or her interest does not go to the surviving owner but is distributed in accordance with the will of the deceased, whose estate must be probated. As "joint tenants" each party owns an undivided, equal interest that passes automatically to the surviving joint tenant. Probate is not necessary if the deed reads "joint tenants with rights of survivorship".
It is important to know that in most courts, if a deed is written without specification of how title is held, the property is titled as "tenants in common."
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What mortgage transactions between borrowers and lending institutions operate in the private sector of the economy?
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Conventional mortgages are private sector transactions that are not insured or guaranteed by the government. |
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