Legal Question in Real Estate Law in New Jersey

Re: Selling my house

I'm not sure what you mean by "for the most part it is sold." The house either is under a Contract or it isn't.

If you have mortgages or other liens on the house that you can't pay off at settlement with the sale proceeds, you will not be able to deliver clear title to the property. You will be in default of your Contract obligations to pass clear title to your buyer.

You should ask a local real estate lawyer to try to assist you. The lawyer may not be able to help you complete the sale but could advise you of your options.

Re: Selling my house

Your situation is not good, and you will not be able to sell the house without taking some action to get the 2nd mortgage company to agree to this. A sale like this is called a 'short sale'.

You need a lawyer's assistance. This is a difficult problem, and is NOT the kind of problem that happens with most sales.

I am handling three cases like this right now.

Please call my office if you would like my assistance. I can speak to you on the telephone, but it will take more than just a brief telephone call to assist you with these issues.

My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru. This website, LawGuru, will NOT let me list my phone number in this response.

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