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New Bulk Sales Legislation One of Christie’s Last Acts As Governor

New Bulk Sales Legislation One of Christie’s Last Acts As Governor | Blog | Two Rivers Title Company

 

“During his last full day as governor on Jan. 15, Gov. Chris Christie signed S-2839 into law, which amended New Jersey’s bulk sale requirements. In 2011, NJ Realtors® worked to have a new law adopted to ensure that individuals, estates, and trusts purchasing 1- family homes, condos, co-ops, and seasonal rental properties would be exempt from bulk sales notification requirements. This ensured these real estate transactions were not unnecessarily delayed, as long as they were not an LLC or other corporate entity. S-2839 now clarifies that bulk sales notification requirements do not apply to properties owned jointly by more than one individual, estate, or trust –– like an unmarried couple or siblings.

The new law took effect immediately and is retroactive to Aug. 1, 2007. NJ Realtors® is currently working to reflect these changes in our contracts.” New Jersey Realtors® Weekly, January 11,2018 – January 17, 2018

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Filed Under: News Tagged With: New Jersey

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Two Rivers Title is licensed in NJ, NY, PA and FL. Find us at one of our convenient locations.

855-751-7100 [email protected]

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Get In Touch

Two Rivers Title is licensed in NJ, NY, PA and FL. Find us at one of our convenient locations.

855-751-7100 [email protected]

Office Locations

Two Rivers Title Company LLC

Two Rivers Title promises peace of mind, and we deliver. Two Rivers Title is a multi-state title and escrow company that focuses on providing its clients and customers with the highest levels of communication, expert title solutions and creative closing options. With an unmatched level of professionalism, genuine caring and the ability to creatively resolve even the most challenging issues, Two Rivers Title has earned a reputation for high quality and outstanding service.

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