Category: New Jersey
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New Jersey Enacts a Raft of Reforms Impacting Deed Holders
To take action on the racial wealth gap, New Jersey’s lieutenant governor Tahesha Way signed an update to the Real Estate Appraisal Act, explicitly meant to stop race-based bias from influencing appraisals. As our readers know, appraisals often occur when a home seller transfers a deed to a home buyer. A 2022 study from the…
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Probate and Transferring a Decedent’s Real Property in New Jersey
What happens to a person’s property after death? The decedent’s assets comprise his or her estate, and become subject to a legal process called probate. Titles 3A and 3B of the New Jersey Revised Statutes govern probate in the state.
