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July 15, 2015

By: Angela B. Kosar, Esquire
For those of us actively handling residential real estate transactions, whether you are an attorney, title agent, realtor, or lender, a significant change to the familiar procedures will take effect on October 3, 2015.  As a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act), the overlapping and at times contradictory provisions of the Truth In Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) have been consolidated and clarified into what will now be known as the TILA/RESPA Integrated Disclosure rule (TILA/RESPA rule for short).  Here are some of the key changes that will impact the residential real estate transaction process going forward.

September 23, 2012

By: Angela B. Kosar, Esq.

Condominium Associations in New Jersey have recently found themselves with a new order of business on their meeting agendas – reexamining their existing alternative dispute resolution procedures between and among their unit owners and the condominium association. This year, The New Jersey Appellate Division in Bell Tower Condominium Association v. Haffert, 423 N.J. Super. 507 (App. Div.) cert. denied 210 N.J. 217 (2012) broadly construed the term “housing-related disputes” as set forth in the New Jersey Condominium Act to include a dispute between a unit owner and the condominium association board over the manner in which a special assessment was approved. However, it is the use of the word “broadly” in the opinion that has far reaching ramifications.