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Richard B. Somach Serves as Guest Lecturer for Real Estate Students at Lehigh

Posted on November 9th, 2011

November 9, 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 Serves as Guest Lecturer for Real Estate Students at Lehigh

Allentown, PA (November 9, 2011) – Richard B. Somach, a Member of Tallman, Hudders & Sorrentino, the Pennsylvania office of Norris McLaughlin, P.A., was a guest lecturer recently for two sections of students at Lehigh University’s Integrated Real Estate at Lehigh (IRE@L) program on November 7, 2011. The course, entitled “Introductory Seminar in Real Estate,” is taught by Kelly L. Berfield, Esq., a Partner and Broker of Record with the Dietrick Group, LLC. It explores a variety of issues related to real estate, entrepreneurship, and leadership. Somach specifically covered sheriff’s sales, tax sales, and short sales in Pennsylvania. Other course topics include the relationship of real estate to finance, architecture, environmental issues, government, engineering, urban planning, and economic development.

“The real estate market has changed in recent years and it is imperative for new real estate professionals to be privy to the new processes associated with this shift. Sheriff’s sales, real estate tax sales, and short sales are all prevalent in this economy and they all have their own rules and procedures to be followed. The students had many questions that encouraged an active discussion of these procedures and I hope my presentation expanded their understanding,” said Somach.

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 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.

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