Legal Question in Real Estate Law in New Jersey
If purchasing a residence in NJ as a secondary residence, is there a NJ statute that
requires a minimum of 25% down on the purchase price?
Asked on 4/09/13, 1:04 pm
3 Answers from Attorneys
Robert Davies
The Davies Law Firm, P.A.
no. who told you that? you need some protection here. If you are buying a house anywhere near my law office, I will be happy to be your attorney.
Robert Davies, Esq.
201 820 3460
Answered on 4/09/13, 1:08 pm
Larry Raiken
Larry S Raiken LLC
no . Only a lender can determine the amount of deposit. call me I handle commercial purchases.
Answered on 4/09/13, 1:32 pm
John Corbett
Corbett Law Firm LLC
No.
See also: http://info.corbettlaw.net/lawguru.htm
Answered on 4/09/13, 2:56 pm
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