November 22, 2011
Norris McLaughlin, P.A.
721 Route 202-206, Suite 200
P.O. Box 5933
Bridgewater, NJ 08807-5933
Contact: Edward C. Miller, Jr.
Chief Marketing Officer
(908) 722-0700 x4224
Richard B. Somach to Present at the Pennsylvania Bar Association’s Annual Real Estate Institute
Allentown, PA (November 22, 2011) – Richard B. Somach, a Member of Tallman, Hudders & Sorrentino, the Pennsylvania office of Norris McLaughlin, P.A., will present “Tax Sales, Sheriff’s Sales and Short Sales” at the 15th Annual Real Estate Institute on December 7, 2011, at the Pennsylvania Convention Center in Philadelphia. This two-day event, sponsored by the Pennsylvania Bar Institute (PBI), is the biggest real estate conference in Pennsylvania.
The bottoming out of the real estate market has led to record numbers of mortgage foreclosures. With more and more properties at risk, it is essential to understand what alternatives are available and the current practices and procedures that occur at a sheriff’s sale.
“I look forward to this event every year. The sessions are informative and review timely issues and I enjoy networking with the other real estate professionals. I am anticipating a high level of participation as I have expanded my presentation to include the subject of short sales,” said Somach.
The Pennsylvania Bar Institute, the continuing legal education arm of the Pennsylvania Bar Association, is a fully self-supporting, non-profit organization. The organization strives to provide Pennsylvania lawyers with information that is timely, practical, cost effective, and of the highest possible quality. Programs are taught, and books are written, by practicing lawyers, judges, and law professors who are widely recognized as the leading experts in their fields, and who have proven their abilities as teachers, public speakers, and writers. These professionals generously contribute their time and expertise.
Somach focuses his practice on real estate, commercial law, and creditors’ remedies, representing real estate development companies, shopping centers, and local banks. In the banking area, Somach assists clients with their transactional, litigation, and operational needs, and has extensive experience handling collections, foreclosures and complex commercial workouts. Somach has represented real estate owners, developers and investors in a broad range of real estate transactions including zoning matters, residential subdivisions and shopping center development.
As a licensed title insurance agent, Somach manages ABE Settlement Services, a title insurance and settlement company, to creatively serve client needs. He is legal counsel to the Lehigh Valley Association of REALTORS®.
Somach serves as Assistant Lehigh County Solicitor, advising the Sheriff’s Office, the Tax Assessment Office and the Tax Claim Bureau, and frequently writes and lectures on real estate matters, sheriff’s sales and real estate tax sales. He moderated “Sheriff’s Sales in Pennsylvania” and authored “Sheriff’s Sales and Real Estate Tax Sales” for A Day on Real Estate sponsored by the Pennsylvania Bar Institute (PBI). He has presented lectures on mortgage foreclosures—”Issues in Commercial Mortgage Foreclosure” and “Issues in Residential Mortgage Foreclosure”—for PBI and has lectured at the annual Real Estate Institute Program.
Active in many community organizations, Somach is a past president of the Salisbury Township School Board, a member of the Pennsylvania Bar Association, and a member and past president of the Lehigh County Bar Association.
Somach earned his J.D. in 1974 from Hofstra University and his B.A., with honors, from Lehigh University in 1971.