LOG IN
JOIN NOW

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

Event Code: I075722

Areas of Law:

Earn up to 2.4 credits! (More Information)

LOG IN TO PURCHASE

SEARCH ALL PROGRAMS
Faculty

Keynote

Moderator

Nicole Timpanaro
Fortune Title Agency, Roseland

Presenters

Manny Alvelo, Esq.
Fortune Title Agency, Roseland
Chandra Betner-Gray, Esq.
Betner-Gray Law Office, MOUNT HOLLY

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 process

    The 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

CLE Credits
NJ CLE:NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2.4 hours of total CLE credit (Full Credits Available: NJ General: 2.4, NJ New Admit Real Estate: 2.4).
NY CLE (t&nt):NY Professional Practice Transitional: 2.0
PA CLE:PA Substantive Credit: 2.0
$8.00 fee – separate check payable to NJICLE must be submitted at the end of the program

About

Founded in 1899, the NJSBA is the largest organization of attorneys, judges and legal professionals in New Jersey. At the core of our mission is improving the lives of our members, advancing the rule of law and serving as the voice of the profession. With 85 sections and committees, the NJSBA allows attorney to benefit from being part of the most wide-reaching legal association in the state, while still cultivating expertise and building networks within specialized practice areas.

MORE ABOUT NJSBA

Leadership

Learn more about the people and groups that are the heart of the NJSBA’s leadership.

Diversity

The New Jersey State Bar Association is committed to promoting and fostering a diverse and inclusive bar association. The Association recognizes that the broad concept of diversity includes race, ethnicity, gender, gender identity, sexual orientation, religion, age and disability. The NJSBA fosters and promotes an inclusive environment that gives value to the unique contributions of diverse individuals and organizations in all aspects of the Association.

Learn More

Advocacy

The NJSBA Legal and  Government Affairs Department serves as the liaison between NJSBA members and the state’s three branches of government.

News and Press Publications

Learn more about the accomplishments of the Association, its members and events from regular news updates, press releases, and our award-winning magazine.


 

Reports

Read the comments, reports, resolutions and Board of Trustee news from the state’s largest organization of lawyers, judges and legal professionals.


 

Statements and Positions

The NJSBA is the voice of the profession and takes public positions on a range of issues with the legal community and government officials. It also takes positions on legislation and files friend-of-the-court briefs on matters that impact the profession.


 

Photo Galleries

Check out photos from recent NJSBA events.

View Photo Albums

Directions

New Jersey State Bar Association

GET DIRECTIONS

Contact NJSBA

NJSBA Contact Us Form

Contact Info

One Constitution Square
New Brunswick, NJ 08901

732-249-5000
9 a.m. to 5 p.m., Monday - Friday

Fax 732-249-2815

Email us

MORE CONTACT INFO

Book Store

Authoritative. Comprehensive. The Industry Standard.

NJICLE legal treatises and books are written for New Jersey attorneys, by New Jersey attorneys. Our comprehensive library of books and treatises form the State’s most inclusive series of regionally focused legal materials. With titles covering virtually every aspect of New Jersey legislation, NJICLE is proud to be the professional development resource for the legal community.

Browse All NJICLE Books

You do not have permission to view this form.