Legal Question in Real Estate Law in New Jersey

real estate

What is the process for one partner buying another out of a real estate investmen (house)? Can the person doing the buying out re-finance the house for the outstanding mortgage plus the buy-out amount? The house has lot's of equity


Asked on 10/20/07, 11:31 am

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

Re: real estate

Normal sale situation, requiring a Deed from current owners to new owner, mortgage payoff of current mortgage and new mortgage for the Buyer. If you need help, contact me directly.

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Answered on 10/20/07, 1:16 pm


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