Buying a Short Sale or Foreclosed Property Owned by a Bank
Date: Jan 18, 2022 9:00 a.m. – 12:00 p.m.
Location: Online
Areas of Law:
Earn up to 2.4 credits! (More Information)
Keynote
Moderator
- Nicole Timpanaro
- CEO, Fortune Title Agency, Roseland
Presenters
- Chandra Betner-Gray, Esq.
- Betner-Gray Law Office, MOUNT HOLLY
- Manny Alvelo, Esq.
- Lomurro Law, Freehold
As the world of residential real estate law continues to evolve, attorneys increasingly find themselves dealing with transactions involving short sales and foreclosed property. If your next case heads into one of these ever-growing areas, are you prepared?
A New Jersey real estate attorney, the CEO of a local title company and the Counsel/Senior Title officer of a title company have joined to together to guide you through the many intricacies and considerations that are raised by these special real estate purchase/sale situations.
TOPICS INCLUDE:
-
Short Sales
- Definition of a short sale
- Mortgage concerns in a short sale—the ins and outs of financing
- How to negotiate with a lender to accept less mone
- Caveats concerning residential debt negotiation
- Inspection and property damage issues
- Title concerns
- The short sale processThe offer?the contract?attorney review?preparation of the lender’s short sale package?lender review?closing
-
Bank-owned Foreclosed property/Real Estate Owned (REOs)
- Weighing the pros and cons of purchasing a bank-owned property
- Inspection and property damage issues
- Appraising the home's value
- Obtaining financing for bank owned property
- Title concerns
- Negotiating with banks
-
…and more
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