Tag: New Jersey real estate
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Setting the Example: Bergen County Migrates 370,000 NJ Deeds to the Blockchain
Bergen County, New Jersey has jumped on the blockchain train. The county is digitizing all of its property records. The County Clerk has inked a five-year contract with Balcony Technology Group, a blockchain-focused records company based in New Jersey. Once they’re digitized, 370,000 property deeds (representing $240 billion in property value) will migrate to…
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New Jersey Enacts a Raft of Reforms Impacting Deed Holders
To take action on the racial wealth gap, New Jersey’s lieutenant governor Tahesha Way signed an update to the Real Estate Appraisal Act, explicitly meant to stop race-based bias from influencing appraisals. As our readers know, appraisals often occur when a home seller transfers a deed to a home buyer. A 2022 study from the…
