All Forum Posts by: Ken M.

Based on your situation in Jersey City, accommodating your reliable tenant for those extra two months is often a practical and decent approach. It avoids immediate vacancy, maintains goodwill, and gives you breathing room to plan for the September/October listing.

Here's the straightforward way to handle it:

1. Forget the "Notice to Quit": That's for ending tenancy/eviction, not for a temporary extension.
2. Use a Written Agreement: Crucially, get it in writing. Draft a simple "Lease Extension Addendum" or "Fixed-Term Month-to-Month Agreement." This document should:
   • Clearly state the new, fixed end date (e.g., August 31st).
   • Specify the monthly rent for July and August (state if it stays the same or changes).
   • Reference the original lease, stating all other terms remain in effect.
   • Explicitly state the tenancy terminates absolutely on the new end date with no further automatic renewal.
   • Be signed by both you and the tenant.
3. Jersey City Specifics: While NJ generally allows month-to-month after a lease ends, your written agreement locks in that end date. Double-check JC doesn't have unique notice period requirements for such agreements, but a fixed end date is safest.

*Start your marketing efforts in mid/late August to minimize vacancy after they leave.

Hi Anthony,

I came across your classified post regarding obtaining lien, judgment, and UCC records for property and owners. I’m very interested in this type of work and would love to learn more about any career or collaboration opportunities you may have available.

I have experience in property research and data collection, and I’m confident I can bring value to your projects. If you're open to it, I’d be grateful for the chance to discuss how I can contribute.

Looking forward to your response.

im new to this app im sorry i didnt mean to put real estate on my bio i thought that was the category for this topic

 Yup, rents in DC have shot up dramatically since the start of the year. The Federal Governments return to office policy forced people who had moved away to move back to DC, and put huge upward pressure on rents. 

Hi all,

My mom owns a home in New York that she’s had since 2005. Out of nowhere, she was contacted by a guy offering a fast cash deal to buy the house. He’s calling himself the CEO of QuickCash Home Solutions and Hudson Empire Management, and introduced himself as “John” — but his Instagram (which is private) shows his name is actually “Juan” (@jcontreras_91).

His business card lists no address, just a Gmail email, and there’s no sign he’s a licensed agent or broker in New York.

He originally said the closing would be in August, but now he’s suddenly pushing for a July 10 closing.

🚩 Here’s what really worries me:

My mom is supposedly breaking even on the sale — despite owning the home for nearly 20 years. That just doesn’t sit right with me. It sounds like she’s being rushed into an underpriced sale.

I checked public info — his “company” doesn’t seem legit, and he may not be licensed at all.

My questions:

• Is this a scam or just a predatory off-market deal?
• How can I best protect my mom from signing something she’ll regret?
• Should we involve a real estate attorney or licensed agent ASAP to evaluate the deal?
• Any steps you’d recommend to confirm whether this is a legit transaction?

Thanks in advance. Any guidance is appreciated.

Not exactly.... It's kind of a bit grey. 

In some ways States trump Federal, in others Federal trumps State. 

For example take discrimination in housing, Federal trumps states. A state could reenact segregation and it would not be legal. 

A lunatic commy at white house with a gaggle of lunatic commys on capitol hill could, in theory, see a whole assortment of interesting interpretations of constitutional law and do things like decide housing is a human RIGHT, and then enforce codes to such. 

Or decide various rents are "price gouging" and issue out mandates for what acceptable rents are per markets. 

Things could get crazy if crazy people have the power and will to do crazy stuff. 

Keep in mind we have now seen drag-queen story time for grammar school...... Not even Twilight Zone got as weird as reality has gotten in recent years. 

 I didn’t know there was 5 adults living in the unit. The lease said 2 adults and 3 minor children 

Hi Shean,

When a homeowner files for Chapter 7 bankruptcy, it doesn't immediately eliminate the mortgage lien on the property, it just wipes out the borrower’s personal liability for the debt. This means the bank can't go after them personally for the unpaid balance anymore, but it still retains the right to foreclose on the property. Now, bankruptcies often take several months (and in some cases year), to work through the court system. That delay could explain why the actual foreclosure is only happening now, even though the bankruptcy was filed 5–10 years ago.

In many situations, the bankruptcy court must first resolve or discharge the debts before the foreclosure process can legally resume. Sometimes bankruptcy filings are even used tactically to delay foreclosure, but once the case is closed and the automatic stay is lifted, the lender is free to proceed.

As for credit impact, yes, foreclosure can still appear on a credit report separately from the bankruptcy, especially if the foreclosure is completed long after the bankruptcy case was discharged. That said, since the borrower’s debt was wiped out in the Chapter 7, the damage is often limited because the worst of it, the bankruptcy, already did most of the harm. Still, it doesn’t go unnoticed on a credit report.

One key protection to note: once the bankruptcy is settled and the personal debt is discharged, the lender cannot pursue a deficiency judgment. A deficiency judgment is when the lender sues to collect the difference between what was owed on the mortgage and what they recovered at auction after foreclosure. But in a Chapter 7, that liability is gone, the borrower is shielded from those future claims.

Lastly, regarding short sales, if the homeowner still holds legal title to the property (even if they've emotionally or physically abandoned it), a short sale may still be possible. But it would require cooperation from both the homeowner and the lender, and not all banks will.

I do wonder what would happen to housing if Gavin Newsom won presidency 2028, could he implement similar laws California housing has for rest of US or do state laws override federal for things like rent control, etc.? I know IL state has laws against rent control which has prevented Chicago from implementing it.