Real Estate Law
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Hi and welcome to JA. Ray here to help you today.
If you are going beyond the closing date here under NJ law you need an addendum to your sales contract to extend the closing date.Otherwise if you cannot close you forfeit your escrow funds.Both parties can agree to such an extension by signed addendum.This is pretty common and usually you can get such an extension.
I appreciate the chance to help you today.Thanks again.
Yes they can, there is a closing date and you need to extend it by addendum otherwise you are in default and they get your $5k here.
Thanks for the follow up.
Pleas let me know if you have more follow up.If you can positive rate when we are done it is always much appreciated.