Are wrap-around mortgages legal in New Jersey?

Answer A wrap-around mortgage, also known as an overlapping or overriding loan, is considered a form of seller financing, since the seller collects a monthly amount from the buyer with which he pays the o... Read More »

Top Q&A For: Are wrap-around mortgages legal in New Jersey

Are wraparound mortgages legal?

Wraparound mortgages are legal. In a wraparound mortgage, the seller retains her on the property until the buyer is able to refinance or come up with additional funds. Wraparound mortgages may not ... Read More »

Is it legal to charge a yield spread premium on reverse mortgages?

On One Hand: In Most States, YesThe difference between the loan rate that the borrower qualifies for and the one they pay is called the yield spread. For instance, if a borrower qualified for a loa... Read More »

What Is the Legal Age to Get a Job in New Jersey?

You can earn money as a minor in New Jersey regardless of your age, depending on the field in which you work. New Jersey generally follows federal labor law, but many jobs may also require approva... Read More »

Is bar poker legal in New Jersey?

In New Jersey, bar poker is 100 percent legal. New Jersey is a pro-gambling state and earns a great deal of revenue through its legalized gambling. Business gambling and social gambling are all leg... Read More »