Buying a Short Sale Property or Foreclosed Property
Category: On Demand
Member Price: $140
Non-Member Price: $175
Areas of Law: Real Property, Trust, & Estate
| 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). |
| 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 |
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 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