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A current or prospective resident does not have any liquid assets but owns a home. What can I do to make sure we get paid?
This is one of the most common questions that I get from my clients who own Assisted Living Facilities.
Once upon a time, in a real estate market long, long ago, individuals would list his or her home and upon the sale, move into an assisted living facility, meeting all of the often stringent requirements. Now, with the escalating costs of senior care, prospective residents and their families wait until the last moment before deciding whether and where to move mom and dad. Frequently, this decision coincides with the decision to list the home and the fact that they cannot wait for the proceeds from the real estate closing to move into an assisted living facility.
Unfortunately, this is a topic that has impacted many New Jersey residents over the past several years. Economists may argue about whether the recession is over, but unemployment in New Jersey remains stagnant at 9.1%, slightly above the national average of 9.1%.
What Every Contractor Needs to Know: The (New ) New Jersey Construction Lien Law:
Earlier this year, New Jersey amended the construction lien law. It is essential that you are aware of your lien rights and what has changed following the amendment. This post will help answer the many questions that arise regarding the construction lien law in New Jersey regarding commercial construction projects. Future posts will include information regarding the amendments to the residential construction lien law and the lien fund.
Unfortunately, many homeowners, renters and business owners have suffered property damage as a result of Hurricane Irene. It is times like this when you rely on professionals such as insurance brokers, public adjusters, cleanup companies, landscapers and contractors. It is precisely these time when many unscrupulous “storm chasers” take advantage of homeowners and business owners. It is more important now than ever to be wary of con artists and fraudulent schemes as these individuals and “businesses” come from all parts of the country to take advantage of home and business owners. Here are ten tips to keep in mind when making repairs to your home or business:
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