Hoboken Real Estate

Hoboken Real Estate Holding Steady

January 18, 2009 | Frank Marciano

Lets Go President Obama !!!!

From a day to day perspective, the Hoboken real estate market is not as bad as it might seem from all the negative press. Each aspect of the transaction: contract, appraisal, mortgage, insurance, inspections tends to need more attention, every party involved in a purchase wants to be sure that everything is in order. FHA loans and FHA spot approvals are becoming more common and require more attention. But people need to move, and buying real estate, with it tax benefits, still makes sense.

Prices are holding up, but it is clear that buyers will not even consider properties that are not priced to be reflective of the current market. The best strategy for a seller is to price low and wait for the buyers to bid the price up. We are all hoping that the new policies of President Obama will make a big difference and bring some needed confidence to the market.

Hoboken FHA Spot Approval for Condos

October 12, 2008 | Frank Marciano

hoboken%202008.jpg Another hurdle for condo buyers across America is becoming part of the standard mortgage process in the Hoboken real estate market. Be sure your attorney, realtor and mortgage broker are all aware of how this requirement will impact your condo purchasing options.

If the condo you wish to purchase with an FHA loan isn’t already on their approved list spot approval may be your solution. Here are the requirements.

1 The condominium project must be complete. There should be no ongoing or anticipated addition of any units, common elements, and/or facilities.

Girls Fight Back

August 21, 2008 | Frank Marciano

Erin Weed is a client and friend and an extraordinary person who has created a life dedicated to more than just herself. Go to her website to learn about simple strategies for self defense. On her product page you can find items as a pepper spray key chain, mini window alarm, door stop alarm and other items that will give you a slight edge in case of assault or burglary. From the personal experience of clients and friends I know that Hoboken is not as safe as it seems. Lurking around this town are bad people just looking for that moment of vulnerability. And for all those women who travel for work and find themselves alone in hotels, the techniques and devices that GFB offer can literally be the difference between life and death.

What we do here at MarcianoLaw

July 22, 2008 | Frank Marciano

blog%20words.jpg

Every now and again its fun to just explore all the new stuff on the web, to make a site like this with your words go to Wordle and have some fun.

Bravo to the Hoboken Police Department

July 4, 2008 | Frank Marciano

Community policing returns to Hoboken – Hoboken Now – NJ.com

Click on the picture for a full sized view. This is a aerial view of the Hoboken Projects on the Western end of town. For many people it is a forgotten, hidden part of Hoboken that we would be better off without. But in reality it houses many of the long time residents of Hoboken who are a integral part of Hoboken urban gestalt. I just read in the Jersey Journal that the police department

has just restarted its community policing of the Hoboken Projects.

Happy July 4th to All

July 1, 2008 | Frank Marciano

One of the biggest changes I have noticed in my law practice is the changing makeup of Hoboken’s residents. As anyone with any knowledge of Hoboken’s history knows, (check out Hoboken’s Museum) Hoboken’s rapid growth in the 1900’s first started with the Germans, then Irish and Italians and Yugoslavians, then Puerto Ricans then Artists then standard American Yuppies (see Yuppies Invade My House at Dinnertime) and now people are calling Hoboken home coming from countries clear around the world. Over the past few years over half of my new clients have come from China and India, mostly employees of the big financial companies in New York and the Pharmaceutical companies of New Jersey. I have had closings, divorces and adoptions that have involved serving people in China, India, France, Brazil, Sweden, Scotland, England, Ireland, Australia, New Zealand, Albania, Croatia, Persians, Israel, United Arab Emirates, Egypt, Iran, Ecuador, Columbia, Venezuela, Iraq, Russia, Georgia, Philippines, Pakistan, Argentina, South Korea, Peru, Taiwan, Japan, Ghana, South Africa, Hong Kong, Bhutan (never even heard of Bhutan but it seems like a great place near Tibet, imagine living here)

Using Google Earth I have located client’s childhood homes in Pakistan, Argentina, Peru, Sri Lanka, Bangladesh, Denmark, Uruguay, France, Italy, Shanghai, and most recently Kuwait. Of course, clients also have roots in the good ole USA. Kentucky, Ohio, North Carolina, California, Idaho, Seattle, Mexico, Montana, South Jersey, Upstate New York, Brooklyn, Bronx, and Queens, the list goes on and on.

If it sounds overwhelming, then I am giving the wrong impression. The point is that it’s not like other urban communities where in different areas different nationalities live together, here in Hoboken we are all thrown together in a safe and secure City. And I must say I love it all. If you live or work in Hoboken then you are part of a great little town that is a window to the world. The flag above, which I worked on with friends years ago, tries to represent the fact that we are all together on this planet, and on this Fourth of July weekend we should all be proud that America truly is home to the World.

Condominium’s Obligation to Provide Handicapped Parking

May 28, 2008 | Frank Marciano

hoboken%20garage.gif Realty Times – Housing Counsel: Disable Persons are Entitled to Reasonable Parking Accommodations

Read the full Complaint filed by the United States HUD against the owners and managers of Condominium complex accusing them of discrimination by not providing a handicapped parking space to an owner that requested such space, even though all the spaces had already been assigned.

Read the Settlement of the Complaint in which the Plaintiff was assigned a parking spot, was paid $10,000 in damages and the Defendant ordered to comply with HUD’s regulations regarding Handicapped Parking Access.

Happy New Year to All

January 1, 2008 | Frank Marciano

A New Year, a new Logo, we are working hard here at MarcianoLaw to be the best we can be for all our clients. Here’s wishing you a healthy and prosperous New Year.

Frank Marciano and the Legal Eaqles

Upgrading Your Home? Check this site about how New Jersey Laws Protect You.

December 29, 2007 | Frank Marciano

Start Here “Home improvement Contracting”

Obtain a written contract. Contracts for home improvement projects costing $500 or more must be written and must include the legal name and business address of the contractor as well as a start date, a completion date, a description of the work to be done, and the total price. The contract must also include the contractor’s registration number.

• Make sure all warranties and guarantees are in writing, and that the contract states name brands or quality/grades of materials to be used.

What are Words Worth? Commercial Lease Option to Renew

November 11, 2007 | Frank Marciano

Recently I have been presented with clients dealing with options to renew a commercial lease. Usually these options are exercised by the Tenant with no real dispute. However, in one case the language to renew stated that the tenant had to “give written notice to renew within 60 days of the end of the lease” Well, at the end of the original lease term, when the tenant went to pay the rent the landlord refused the rent stating that the tenant had not renewed the lease within 60 days and that he was going to double the rent. The tenant promptly gave written notice that he was going to renew the lease; it was 20 days after the lease ended, but while the tenant was still in possession.

The question is what does “within” mean? In this case the landlord drafted the rider to the lease which contained this language. Since the renewal of the lease is for 10 years the definition of the word “within” is literally a million dollar question. This is a perfect example of how important precision in language is in contractual agreements. Since the word “within” can mean both before and after the lease ending date, the tenant will most likely win, especially since there are other words that could have supported the Landlord’s intention such as prior, before or preceding.