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short sale lawyer: Successful Short Sales Close Because of Great Planning When the File is Opened - 11/14/10 09:47 PM
As a MA Short Sale Lawyer, I have seen many short sales fail for a variety of reasons.  In Western Massachusetts, one of our impediments is our strict use of the standard Realtor Contract and our local closing customs. Following is a list of suggestions and some reasoning behind each provided in the hopes that these ideas may catch on in MA (and elsewhere as they may be applicable outside of MA) and lead to more Short Sale success stories:
Problem 1: Inspections after contracts are signed/and /or after short sale approval
It is customary in much of Western Massachusetts to make an offer and … (1 comments)

short sale lawyer: Successful Short Sales Begin with a Quick Title Search - 11/14/10 08:26 PM
As a real estate attorney with a growing short sale practice I have begun to identify patterns that lead to short sale success and failure. Generally speaking a short sale's success or failure can be determined with a review of the current title.   
THE ABSOLUTE IMPORTANCE OF CHECKING THE TITLE
Short sales as we all know are long term professional commitments that can take months to come to fruition. In one short sale transaction wherein I represented a Buyer, the Seller's attorney had not checked the title prior to accepting the short sale client.  We got into heavy contract negotiations … (2 comments)

short sale lawyer: Rent to Short Sale in Massachusetts - 10/23/10 03:44 PM
So many short sales end in disaster even when all of the parties have the best intentions and under the best circumstances. A common issue that I have come across is that the bank will often refuse to pay the back taxes or utilities for the property. Another problem with vacant properties is that the Seller after leaving the property refuses to pay for utilities and they are shut off by the providers. . . .  Sometimes these issues can be a compete deal breakers.  Often times we are just a few thousand dollars short from making such short sales work. … (4 comments)

 
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Nyles Courchesne Massachusetts Real Estate Attorney

Springfield, MA

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Peskin, Courchesne and Allen, P.C.

Address: 101 State Street, Suite #401, Springfield, MA, 01103

Office Phone: (413) 734-1002

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