Natural gas and the homeowner. What's the alternative? Geothermal

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

Geothermal heating for the homeowner.

The New York Times' Real Estate section reports on New York's ban on natural gas hookups.  This is a far cry from the days when natural gas utility companies were wooing oil-heating customers with slogans. such as,  "clean, dependable gas."  If you can't heat with gas, what are you to do?

How about geothermal energy?  What is it?  Per the Times, 

"Geothermal energy systems use a network of underground pipes, commonly referred to as ground loops, which circulate water and propylene glycol, a type of nontoxic alcohol, all year. During the winter, the ground loops absorb the heat from the earth, which stays steady at about 50 degrees Fahrenheit. The heated liquid circulating in the loop is pushed into a pump system inside the house that then produces warm air. In the summer, the pump sucks out the warm air in the home and pushes it back into the cooler ground."

Having said all of that, NY's recently enacted ban on new natural gas hook-ups may direct more homeowners towards the geothermal source.  After all, it doesn't disturb the environment, does it?

Real the full story, Converting to Geothermal Energy.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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Looking at Title Insurance - What is it, what does it do, Part I

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

Title Insurance 101. A primer.

What is Title Insurance?

A title is the evidence or right in which a person has the ownership and possession of land. A defect in that title can be any legal right held by someone other than the owner to claim that property or to make demands on the owner of that property.

Title Insurance is protection offered to the owner of real estate and the mortgage or home loan lender against defects in the title of the real estate that is insured. The owner's title insurance policy guarantees the owner against loss due to defects in the title pursuant to the terms of the policy. Your investment in real estate, whether residential or commercial, is quite possibly the most important, and expensive, investment you'll ever make. An owner title insurance policy protects that investment. Your owner title insurance policy remains in effect for as long as you or your heirs retain an interest in the property or have obligations under a conveyed warranty.

Next up -  What is a "title defect?"  Stay tuned!

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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New Jersey Senior Freeze program helps with your tax bill.

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

From New Jersey Money Help-

A question about NJ's Senior Freeze Program

Q. Has the property tax freeze been increased to incomes of $90,000?— Senior

A. You’re talking about the Senior Freeze program.

According to the website of the New Jersey Department of Treasury, Division of Taxation: “The Senior Freeze Program reimburses eligible senior citizens and disabled persons for property tax or mobile home park site fee increases on their principal residence. To qualify, you must meet ALL the eligibility requirements for each year from the base year (the year in which you became eligible for the senior freeze) through the application year (the current application year is 2018).”

These eligibility requirements are based on age/disability, residency, home ownership, property taxes payment history and income limits.

In this year’s budget, funding for the Senior Freeze program is increasing by $18 million in fiscal year 2020 for a total of $219.7 million, Taxation said.

The increase was because the budget removed language that capped income eligibility at $70,000, raising it back to $89,013, which will allow more people to apply, Taxation said.

Keep in mind that if your status is as a married/civil union couple and you lived in the same household, you must combine your incomes for the year and be below the income limits, said Deva Panambur, a certified financial planner with Sarsi, LLC in West New York. and adjunct professor of personal finance at Montclair State University.

The Division of Taxation has an online questionnaire to help you check your eligibility.

Email your questions to Ask@NJMoneyHelp.com.

This story was originally published on July 23, 2019.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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New Jersey residents get answers about #incometax refunds

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

New Jersey's Division of Taxation has been creating FAQs for curious taxpayers.  And I'm not embarrassed to say we refer to them frequently in our #titleinsurance business.

A FAQ was just distributed under the heading Your Tax Refund: What You Need to Know and answers several questions. You can read the full FAQ here.

Let us know what you think.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

#NewJersey

#incometax

#titleagent

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From the New Jersey Law Journal - tips for lawyers as they travel

We are the New Jersey title insurance agent that does it all for you. For your next commercial real estate transaction, house purchase, mortgage refinance, reverse mortgage, or home equity loan, contact us, Vested Land Services LLC. We can help!

Commuter Commiseration: Tips Lawyers Can Use to Make Travel Time More productive

Everyone struggles to make travel time productive.  Watching people text while driving is infuriating because of the danger involved.  

Some tips in this article from Law.com may distract from driver attention, others are excellent.

On average, New Jersey residents have longer commutes than people living in any other states except New York and Maryland. According to 2012-2016 U.S. Census data, the typical Garden State commute clocks in at over 30 minutes.For attorneys, who often travel to court or meetings with clients in addition to trekking to the office, time on the road can really add up. But this time should not be considered “lost.” There are many ways to make your commute more productive.

• Use GPS so you don’t get lost traveling somewhere you have never been before. Even if you know where you are going, it is helpful to plug the address into an app with real-time traffic updates. In our densely populated state, there are always unexpected events requiring a detour. You don’t want to get to court late due to an accident you could have known about before hitting the road or avoided with a quick detour.

I recommend you read the full article.

If you have any comments, we'd be glad to hear them.

For your real estate purchase or mortgage refinance or

if you have questions about what you see here, contact

Stephen M. Flatow, Esq.

Vested Land Services LLC

165 Passaic Avenue, Suite 101

Fairfield, NJ 07004

Tel 973-808-6130 - Fax 973-227-0645

E-mail sflatow@vested.com

@vestedland

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