Legal Question in Real Estate Law in New Jersey
I am buying a condo in jersey city, NJ. The tenant is not at all cooperative.In order to move her out,whats the best strategy, should i buy in my own name or through LLc.the condo is in foreclosure.
2 Answers from Attorneys
The tenant may have the right to remain at least until the end of the lease term. To ensure that your rights are protected, you should engage a local lawyer to assist you.
See also: http://info.corbettlaw.net/lawguru.htm
OK, you have listed three serious things to deal with. None of these is horrible, but they are all important. Tenant...you may be stuck for a while with the tenant, I need to know more to tell you. How to own and hold the condo...depends on a couple things, your intentions (live in or rent out) and your income and deductions. and foreclosure....this is a little tricky. you want to be sure you get what you pay for, no surprises or problems.
get a lawyer. I can help you if you want.