Legal Question in Real Estate Law in New Jersey
my dad wants to sell house to me and hold mortgage, what are the pros and cons?
2 Answers from Attorneys
Your dad is the one who should be asking a lawyer who specializes in Elder Law about the pros and cons. You should consult a separate lawyer to find out what the effects would be for you.
This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.
* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.
* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.
You and your dad really need to talk to a lawyer about this.
Bob Davies, Attorney 201 820 3460
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