The rise of alternative real estate transactions: Crises spur creativity

Realty Check

By Erica Minchella

Erica Crohn Minchella, is the head of the boutique real estate firm of Minchella & Associates, Ltd., handling residential and commercial real estate transactions and litigation such as foreclosure defense, quiet title, and partition actions. erica@ecminchellalaw.com

Posted October 29, 2020 11:32 AM

I have watched the real estate market closely since 1999. During that time, investors have found numerous ways to help people in financial trouble solve their problems. As a lawyer, I frequently recommend conventional sales, short sales, modifications, reverse mortgages and bankruptcy as viable alternatives for people struggling with real estate issues.In the early 2000s, I represented lenders who would take a second mortgage against properties where the first mortgage was delinquent or in foreclosure, would bring the …

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