Miles Law has extensive experience assisting buyers and sellers of property in simple to more complex real estate transactions. We counsel buyers, sellers, borrowers, property owners, landlords, tenants, investors, and corporations, on the full range of issues related to both routine and highly complex real estate transactions.
This firm brings exceptional negotiation and drafting skills to the task of structuring and closing deals, and excels at achieving creative and economically efficient solutions to the challenges and roadblocks that may impede real estate transactions. Our work in this area has earned the firm a position of prominence, as well as trust and respect, within the real estate and business communities.
Buying or Selling Real Estate
The buying and selling of property is one of the largest financial commitments and potentially one of the most stressful endeavors, a buyer or seller can undertake. Whether you’re a first-time home-buyer or a seasoned real estate investor, our firm can help you every step of the way in the process of buying or selling a home. In a residential real estate transaction, a myriad of issues can arise relating to
The contract of sale and riders
Inspection contingency negotiations
Home inspections, including mold, asbestos, radon, and wood-destroying insects
Mortgages, including unpaid mortgages and foreclosures
Prior leases and tenants
Environmental issues and land contamination
Title insurance, including title examinations, chain of title, quite title actions, and encroachments
Our knowledgeable team will work diligently and efficiently to ensure that your interests are protected and things go smoothly throughout the entire process. As your attorney, we will
Review every document, contract, rider, and addendum to make sure you’re being protected
Prepare and draft the necessary legal forms and documentation
Skillfully negotiate with all parties involved so that you receive the maximum benefit
Coordinate with attorneys, lenders, title agents, and other real estate professionals to ensure things go off without a hitch.
A short sale situation occurs when the outstanding obligations on a property (what is owed on the mortgage loan) exceeds what the property can be sold or refinanced for. If a homeowner is having trouble keeping up with the mortgage payments, a short sale can be an appropriate alternative to foreclosure or bankruptcy.
In a short sale, the homeowner can avoid or mitigate the consequences of foreclosure by negotiating with the bank to have the home sold at the discounted price. The proceeds from the sale are then used pay off a portion of the homeowner’s mortgage loan.
Obtaining a short sale approval can be a difficult process. Our firm will assist in negotiating with the bank to sell the property at a price and on terms that are favorable to you. We’ll also draft the agreements and releases, provide data, and show proof of hardship to the bank on your behalf.
There is no guarantee that the bank will approve the short sale. However, if your mortgage payments are in arrears, the chances of short sale approval are greater. Unfortunately, if you have liquid cash assets, the lender may attempt to tap those accounts. This is why an experienced real estate attorney is so vital in protecting your interests when short selling a home.
For Sale By Owner – FSBO!
Some people choose to sell their properties on their own without the help of a real estate agency. While this approach can save you thousands of dollars in commission, it also can expose you to liabilities and headaches of which you were unaware. If you decide to sell a property on your own, you should consult an attorney before you consider accepting an offer.
Property Tax Appeals
The firm represents property owners who seek a reduction in their New Jersey property tax assessment. Our services in this area include consultation on tax liability and the viability of appealing, the filing of appeals with the County Board of Taxation or the New Jersey Tax Court, and representation at settlement conferences and in Tax Court litigation.