Richard B. Somach, a Member of Tallman Hudders & Sorrentino, the Pennsylvania office of Norris McLaughlin, P.A., will present “Everything You Wanted to Know About Sheriff Sales and Tax Sales But Were Afraid to Ask” at a lunch and learn session beginning at 12:00 p.m. for the Commercial Real Estate Women of the Lehigh Valley on Wednesday, November 3, 2010 at the office of Tallman Hudders & Sorrentino in Allentown, Pennsylvania. The fee, which includes lunch, is $10 for members and $15 for non-members.
“There are a myriad of local rules and practices associated with sheriff’s sales and real estate tax sales. My presentation will explain what happens at each of these sales and how to avoid common errors if you are involved in a sale. I also look forward to answering questions and to clarifying popular misconceptions about buying properties at these sales,” said Somach.
The CREW Network is the industry’s premier business networking organization dedicated to the advancement of women in commercial real estate. Members represent all disciplines within the industry and are located in every major market across North America. Members comprise more than 8,000 commercial real estate professionals in 71 chapters. CREW Lehigh Valley developed an early alliance with Lehigh University’s Institute of Real Estate Studies, an overlay program for undergraduates in business, architecture, engineering, and other related fields. Members mentor students, participate in classroom sessions, and evaluate student projects. The Lehigh Valley chapter members take pride in grooming the next generation of real estate professionals and look forward to welcoming them into the organization.
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 currently serves as 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” previously and authored “Sheriff’s Sales and Real Estate Tax Sales” for A Day on Real Estate, sponsored by the Pennsylvania Bar Institute (PBI). Previously, he has presented lectures on mortgage foreclosures, “Issues in Commercial Mortgage Foreclosure” and “Issues in Residential Mortgage Foreclosure” for PBI and has lectured a the annual Real Estate Institute Program.
Active in many community organizations, Somach was a past president of the Salisbury Township School Board. He is a member of the Pennsylvania Bar Association and the Lehigh County Bar Association, where he served as President in 1992.
Somach earned his J.D. in 1974 from Hofstra University and his B.A., with honors, from Lehigh University in 1971.