If purchasing a residence in NJ as a secondary residence, is there a NJ statute that
requires a minimum of 25% down on the purchase price?
3 Answers from Attorneys
no. who told you that? you need some protection here. If you are buying a house anywhere near my law office, I will be happy to be your attorney.
Robert Davies, Esq.
201 820 3460
no . Only a lender can determine the amount of deposit. call me I handle commercial purchases.
See also: http://info.corbettlaw.net/lawguru.htm