A visit to Haiti, the western hemisphere’s poorest country, will cause sensory overload: the blistering heat; the sight of colorfully decorated buses called “tap-taps”; the peddlers walking along the sides of the streets carrying wares on their heads, or stationed along the road with candles glowing in the dark (there were no streetlights); the smell […]
In a recent New Jersey Tax Court decision, a State Tax Judge has ruled that a private not-for-profit company does not deserve tax exemptions on homes it owns and leases to mentally ill clients in several towns in Bergen County, New Jersey. Most of our readers know that our firm has a very strong commitment […]
In Southern Burlington County NAACP V. Twp of Mount Laurel, 92 N.J. 158 (1983) the Supreme Court reiterated that every municipality has a constitutional obligation to provide affordable housing to its citizens earning low and moderate incomes. As a result, in 1985 the New Jersey Legislature enacted the Fair Housing Act and the Council on […]
An exciting new concept was recently born in the State of Vermont, where our firm also has an office. Vermont is the first of the 50 states to allow low profit limited liability companies to organize as a “L3C.” The basic purpose of a L3C is to signal foundations and other 501(c)(3) qualified donors that […]
One need not be formally trained in economics to recognize the signs of a significant downturn in the health of the American economy. Sub-prime mortgages have precipitated a “correction” of fairly major proportions in the real estate market. Significant negative economic factors are challenging the banking, real estate and construction sectors throughout New Jersey. Believing […]
Not much! At first blush, this is the clear answer to this question. That is, unless your credit is not so good and you stretched hard to get a mortgage that you really could not easily afford through a Mortgage Broker who sold your mortgage as part of a pool of mortgages. Not you, then, […]
The first thing people think of when they hear words “condemnation” or “eminent domain” is the government’s ability to take property with dilapidated buildings or vacant wastelands and rejuvenate the land for a public purpose. However, in 1992, New Jersey passed the Local Redevelopment and Housing Law (LRHL), N.J.S.A. 40A:12A-1, causing a renaissance in the […]
You have just sold an investment property which you have had for many years making a huge profit. That is the good news. The not so great news is you will be giving a significant percentage back to Uncle Sam in the form of a capital gains tax. Back to the good news. You can […]
In August 2004, only days before announcing he was leaving office early, then Governor Jim Mc Greevey signed into law the Highlands Water Protection and Planning Act (the “Highlands Act”). Although a clearly well-intentioned attempt to positively impact the quality of drinking water for many New Jersey residents, the Highlands Act immediately created havoc for […]
Although often our Litigation Department handles cases involving exclusively money damages, there are an ever increasing amount of litigation matters, which are filed in Superior Court, that do not involve statements where a person is suing another for money damages. Rather what is sought is an equitable remedy or, in other words, the achievement of […]