Practice Areas

  •     Title and Closings

    There are many moving pieces in completing a real estate or mortgage transaction. Parkway Law Group brings them all together into one smooth transaction. We accomplish this by constantly evaluating our processes and training our staff. We win the game by staying ahead of it.

    HOW DOES A CLOSING WORK? 

    Below is a very brief outline of the Closing Process

    • Process starts upon receipt of the contract and/or title order form
    • Next is assembling all the necessary information to complete the closing
    • With that, we identify other preliminary information and contact necessary parties
    • A title search will be completed
    • We identify any title issues (loans not paid, liens, court judgments, etc.)
    • Clear any title issues preventing completion of the closing
    • Issue a commitment to the lender
    • Issue ICL (insured closing letter) - assurance from the title company to the lender that all lender requirements will be met by the closing attorney
    • Complete loan payoffs
    • Determine taxes and disburse appropriately
    • Determine whether there are any outstanding water and sewer bills to be paid
    • Determine homeowner association requirements with regards to outstanding balances or fees that must be paid at closing
    • Obtain the closing instructions from the lender
    • Prepare the closing statement and lender's closing package using all of the information obtained previously
    • Close the Sale

    Closings can be complicated.  It is important to have a partner who can manage all the moving pieces and ensure a worry-free, successful experience. Parkway Law Group is your trusted real estate partner. 


  •     Short Sale Negotiation

    Since 2009, we have been on the cutting edge of short sale negotiation. Our experience gives us a distinct advantage that benefits our clients and helps our agent partners to grow their businesses.

    Our computerized, automated process makes short sales that we negotiate run smoother, swifter and more efficiently than doing it the "old fashioned" way.

    And, the best part is that this service is provided by us FREE OF CHARGE. It doesn't cost agents or their clients anything! We negotiate our fee directly with the lender.

    What exactly is a Short Sale?

    A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current borrower.

    Both parties consent to the short sale process, because it allows them to avoid foreclosure. A foreclosure involves hefty fees for the bank and poorer credit report outcomes for the borrower.

    In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the borrower. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Neither side is "doing the other a favor". A short sale is simply the most economical solution to a problem.

    Banks incur a smaller financial loss than would result from foreclosure or the borrower’s continued non-payment of the mortgage. Borrowers are able to mitigate damage to their credit history, and partially control the debt. A short sale is typically faster and less expensive than a foreclosure.

    A short sale does not by itself extinguish the remaining deficiency balance unless settlement is clearly indicated on the short sale approval letter. We try our very best to get this deficiency balance waived for our clients.

    Today, lenders are now more willing to accept short sales than ever before. Short sales allow struggling borrowers an opportunity to avoid foreclosure, when they are having trouble selling their home and owe more on their mortgage than their property is worth.

    You don't have to navigate this process alone – We are here to help!

  •     REO Seller Representation/Closings

    Parkway Law Group represents REO sellers in the disposal of their foreclosure inventory.  We work closely with third party asset managers, in-house asset managers and foreclosure counsel to coordinate both local and nationwide closings and document/contract review.  Each jurisdiction has its own local customs and we make sure that our clients are protected and compliant in all aspects of these transactions from the initial contract to the final disbursement of closing proceeds.

  •     Business Law

    At Parkway Law Group, we provide a variety of services for our clients including:

    • Advise clients in the purchase or sale of a business and prepare the documents needed to complete the transaction
    • Selection and registration of the appropriate business entity, such as a corporation, limited liability company (LLC), partnership
    • Draft and review the required organization documents, such as corporate by-laws and buy-sell agreements for corporations, operating agreements for LLCs, and written agreements for partnerships
    • Draft and negotiate business contracts
    • Negotiate and review commercial leases
  •     Commercial Closings

    Parkway Law Group assists and facilitates closings for developers, builders, bankers and private investors in transactions including the acquisition and development of land for office, retail and mixed-use applications. Our attorneys assist our home builder and developer clients with the acquisition of land, lots, and construction loans. We complete those transactions by closing the residential homes once they are complete. We also represent both buyers and sellers in drafting, negotiating and reviewing commercial purchase and sale agreements.