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Owning real property is most people’s dream realized. Equip yourself with the right info about owning real property. Do not let it become a nightmare for you and your family.

* Fraud in Real Property

“Someone faked my signature on a Title Deed. The document articulates my property is now owned by someone I don’t even know.”

Contact your state’s real estate commission on the spot.

* Repairs and Escrow

“Before I acquired my home, the vendor assured me to address fixes. My agent supposed it was OK to sign and close escrow, even though the fixtures had not been completed. It has been 3 months already and the seller still has not addressed any fixtures.”

See to it that fixtures are finished before you issue escrow.

* Property Taxes Unpaid

“The loan company was supposed to pay my taxes but didn’t. Now I am in debt.”

Call your loan company for an explanation. If they do not take care of the problem, communicate with your state real property commission.

* Vacant Lot Purchase

“I recently bought some vacant lot in the desert to build a house on. The seller stated there was water, sewerage, electricity, and phone service. Turns out, none of those exist.”

Check with the local authorities before you purchase vacant land.

* Unlicenced Real Estate Contractors

“I contracted a guy who stated he was accredited to make fixes to the roof. He began the process but didn’t finished. I found out he isn’t licensed and that he canned a mechanic’s spleen against my house.”

Do your research. Don’t hire an unauthorized agent.

Property purchases are undoubtedly the biggest decision you can get. Take time to read all papers and when you find one thing confusing, ask questions.

Edison NJ Homes for Sale – Update – Notable and Typical Homeowner Troubles