Bulking Up on Information About the NJ Bulk Sales Act

Buyers, sellers and their attorneys are faced with some tough issues when applying the New Jersey bulk sales law to particular real estate transactions, such as short sales, transfers by deeds in lieu of foreclosure, auction sales, sign and close deals and real estate joint ventures. Given the frequency of such real estate transactions in the current market, knowing how best to comply with the New Jersey bulk sales law with respect to these transactions can be critical to closing these deals.

In this recent article published by The Metropolitan Corporate Counsel, Russell B. Bershad, Peter J. Ulrich, and Nicole E. Taplin provide insight into the recent changes to the statute’s structure, notice and escrow requirements, and difficult applications of the law.