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Sound Legal Advice for a Changing Market

In life, you must make all kinds of strategic decisions. Many of the most consequential ones revolve around legal matters outside your core expertise. That fact holds true whether you’re a small business without in-house attorneys, a large company with overflow work or a buyer/seller/investor needing protection in choppy real estate waters.

 

You can have sound support and advice covering all your strategic options. You can have the solutions and legal protections that best suit your needs, your budget and the way you do business. The issue may be huge and daunting or a minor matter simply requiring an attorney to strengthen your presence and message.

 

No matter what the scope, Shrem Law Group will help you:

•  Communicate your key concepts and needs and convert them into air-tight legal documents

•  Understand cryptic legal language and craft clear alternatives that protect you and your business

•  Navigate disputes with contractors, clients and business partners

•  Increase your confidence when making legal decisions and minimize legal exposure

•  Protect your assets and effectively manage risk

 

Jean Shrem, principal of Shrem Law Group, is a seasoned attorney and real estate broker who has worked as in-house corporate counsel for software and technology companies. She understands how you work and what you’re going through, and she handles all types of real estate transactions as well as licensing, intellectual property, contracts and compliance.

 

Jean is direct and highly adept at translating legalese into understandable terms, so you always have a clear picture of what’s going on. You’ll have a clear strategy and the support of an experienced attorney who returns your calls, delivers on commitments and minimizes your costs. In fact, she’s able to resolve most client issues in two-to-five hours.

 

Shrem Law Group is a boutique Northern California law firm that specializes in Business Law, Construction Law, Intellectual Property, Internet Law, Real Estate Law and Technology Law.  Our goal is to provide top legal advice at reasonable rates for Northern California residents.  We are ethical, reliable and honest.  We use cutting edge technology to provide our clients with prompt and reliable legal services.  Our clients range in size from individuals to large corporations.  We thank you for visiting the Shrem Law Group website and look forward to helping you with your legal needs.

Conservatorship Sale
Conservatorship sale is a type of real estate sale where the owner is still alive but is mentally no longer able to make her own decisions.  Conservatorship sales are often conducted through the probate court system and either have independent administration or require court approval.  Often a buyer must put 10% down and must buy the home as-is in a conservatorship sale. With a conservatorship sale, there are often very few disclosures or reports provided.

Copyright
A legal right to control how a creative work is used.  A copyright is intellectual property that usually applies to music and literature and is comprised of a number of exclusive rights, including the right to make copies, authorize others to make copies, make derivative works, sell and market the work and perform the work. 

Judicial Foreclosure
This is a process whereby the lender forecloses on the property of a defaulting borrower by filing a lawsuit in court.  This is more common in California for commercial and multi-unit properties and retains the lender's ability to obtain a deficiency judgment. 

Loan Modification
This is the process whereby a homeowner works out an arrangement with their lender to modify their home loan due to some economic hardship.  Most lenders, who are willing to offer a loan modification at all, will usually lower the monthly payments by extending the term of the loan, allowing interest only payments or reducing the interest rate for a fixed period of time.

Non-Judicial Foreclosure
This is a process whereby the lender forecloses on the property of a defaulting borrower by virtue of evoking the power of the trustee.  This is the most common form of foreclosure in California and limits the lender's ability to obtain a deficiency judgment. 

Non-Recourse Loan
This is a loan for which a borrower is not liable for repayment after the property is foreclosed upon.  This is usually a loan that has not been refinanced and was original purchase money.

Probate Sale
Probate sale is a type of real estate sale where the owner has died and did not put the home in a trust.  Much like a conservatorship sale, these probate sales must then be conducted through the probate court system and either have independent administration or require court approval.  Often, with a probate sale, a buyer must put 10% down and must buy the home as-is.  With probate sales, there are often very few disclosures or reports provided.

Real Estate Foreclosure
Real estate foreclosure is the process by which a bank goes through the necessary legal steps to take ownership of a property that is in default or has delayed payments.  With real estate foreclosures, there will often be a sale at the "Court House Steps". This is where buyers who have 100% cash, usually in the form of a cashier's check, attempt to purchase the property for the outstanding balance prior to the bank entering the court house to finalize the foreclosure.  For buyers with all cash who do their homework, there are some great real estate deals to be had with foreclosures.

Real Estate Owned (REO) Property
A Real Estate Owned (REO) property sale is a property sale where the owner of the property is the bank that has foreclosed on the property.  Real Estate Owned properties are usually sold as-is with no disclosures or reports of any kind.  Real Estate Owned properties and homes are often in severe disrepair.

Recourse Loan
This is a loan for which a borrower is still liable for repayment even after the homeowner defaults or the property is foreclosed upon.  This is usually a loan that has been refinanced.

Short Sale
"Short Sale" means that the homeowner is selling the real estate property but owes more on the home than he can sell it for.  Short sales must be approved by the bank and are often delayed in closing or do not close at all.  Often, with short sales, the homeowner is trying to beat the clock and sell the property before it falls into foreclosure.

Trademark
A trademark, identified by the symbols TM or SM for a servicemark (not yet registered) and ® (registered), symbolizes that the item with which the trademark appears is being claimed by the owner of the trademark as intellectual property.  A trademark typically applies to a name, word, phrase, logo, symbol, design, image, or a combination of these elements.


Learn about all our comprehensive services or call (510) 882-9992. It’s solid advice from a seasoned attorney at exceptional value.

Copyright 2009-2010 Jean Shrem and Shrem Law Group 
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Phone: (510)882-9992 / Jean@ShremLaw.com / Fax: (510)868-2620 
10835 San Pablo Avenue, Suite 202, El Cerrito, CA 94530
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