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Does New Jersey’s Consumer Fraud Act Cover Real Estate Transactions?

What Are the Most Frequent Types of Consumer Fraud in New Jersey?

Unfortunately, there are numerous types of consumer fraud in today’s business climate. They often result in severe monetary loss, and at times, personal injury to you and your family.

Consumer fraud is a broad legal term. Generally it involves unfair or deceptive business practices that inflict financial loss or injury on the New Jersey consumer.

It usually begins with false promises, vastly inaccurate claims, and includes misrepresentation, even if not intentional. All of it is done in the hopes that you won’t be aware that you are being taken advantage of.

Posternock Apell focuses its efforts on behalf of those who buy real estate with unexpected defects.

Did you unknowingly buy a “money pit”?

The New Jersey Consumer Fraud Act provides you, as the consumer, with significant protections against those involved in the purchase of real estate including deceptive practices by contractors, realtors and “flippers” of real estate, even when the deceptive practice is not explicit.

In addition, false information need not be intentionally deceptive if it has the effect of misleading you as the customer.

You must know that New Jersey’s Consumer Fraud Act has large teeth! If a business or person is found to have violated this Act, they can be required to pay you three times the related damages you’ve incurred and your lawyer’s fees and litigation costs.

A qualified, professional Moorestown or Browns Mills consumer fraud lawyer will know how the New Jersey consumer fraud act can help you. Most importantly, they will recognize behavior or information you may not even recognize as deceptive, misleading, or just plain false.

What Are Some Things “Red Flags” That Might Indicate Consumer Fraud in a real estate transaction?

This is an area in which the experience of your New Jersey consumer fraud lawyer will be invaluable.

Signs of consumer fraud in a real estate transaction include:

  • Lack of sellers disclosure statement
  • Undisclosed connections between the realtors and the seller
  • Use of unlicensed contractors by a “flipper”
  • MLS descriptions which are false and misleading

There are too many items to list, but an experienced consumer fraud lawyer will be familiar with them. Unfortunately, the list of ways to defraud you, as the consumer, is continually growing. So, you need to obtain professional help to stay ahead of this disturbing trend.

What Three Things Must Be Present To Prove Consumer Fraud?

There are different types of consumer fraud. Each kind of consumer fraud also may require different types and levels of evidence.

Summarily, New Jersey Consumer Fraud Act contains three types of unlawful conduct.

  1.  An omission or intentional failure to disclose a material fact.
  2.  A material misrepresentation, intentional or unintentional.
  3.  A regulatory violation such as a breach of an administration code.

These cases can be legally complex. If  you suffered a loss, you should obtain a qualified case evaluation from a Moorestown or Browns Mills consumer fraud lawyer . Your lawyer’s empathetic and aggressive representation will help ensure you receive the compensation you deserve.