The real estate market in California and across the country has its ups and downs. A fluctuating economy can impact property investment and sales in the United States. Some people purchase property only to walk away from their deals before closing of escrow, which can sometimes spark real estate disputes regarding escrow deposits.
As a California property owner, any number of issues can arise that cause a legal concern. Real estate disputes can be quite stressful to resolve, especially if you are not fully aware of the regulations, building codes or state laws that may affect your situation. That's why it is critical to know where to seek legal support if you are facing a particularly difficult issue that you feel ill-equipped to handle on your own.
Real estate law is complex. Those interested in purchasing, selling, building or renovating real estate in California will want to make sure they seek clarification of any laws, regulations or building codes that may apply to their situations. While real estate disputes are not uncommon, they can be difficult to resolve, especially if property owners, selling agencies or builders try to handle problem situations on their own.
A class action lawsuit has been filed in another state. The central focus of the real estate disputes has to do with dual agents and whether or not a listing company failed to comply with regulations. The lead plaintiff in the case is a woman who recently purchased a home but now claims certain issues were not properly disclosed to her at the time of the transaction. California home buyers may want to follow this case.
While there may be some California business owners who stand by a good old-fashioned handshake and a verbal agreement to do business, most understand that the absence of a written contract can place them at risk. A married couple in another state who own a bakery business together is currently involved in real estate disputes after recently trying to negotiate a new rental lease with their landlord. The couple says when the landlord mentioned that she'd be raising their rent, they were not surprised by or opposed to the idea.
Anyone who signs commercial or residential property agreements in California will want to make sure all parties involved clearly understand the terms of their contracts. Real estate disputes often arise when one or more parties fail to adhere to agreed-upon terms. A situation unfolding in another state is an example of what can happen when such disputes occur.
A project developer in another state has filed a lawsuit against a homeowner who he says has breached a contract they both signed. Litigation was fueled by real estate disputes that erupted when the homeowner decided not to sell his house to the builder, which, he claims, he had the right to do. California builders or property owners currently facing contract problems may want to review this case.
A man in another state has canceled a proposed deal to sell the home he has owned for approximately 30 years. He was under contract with a building developer, who happens to already own several lots on the same street. The man had agreed to purchase the home for $700,000. Those dealing with real estate disputes in California may want to follow this case.
In one of the nation's oldest cities, commercial property owners are upset about certain administrative decisions they believe have given an unfair competitive advantage to the owners of a particular building. California business owners currently facing similar real estate disputes may want to follow this case. It involves a building that was erected in 1921, the owners of which have been granted more than 70 parking credits for their future business clients.
Perhaps you're one of many California residents who are gearing up for their first ever home purchase. On the other hand, you may already own several commercial or private properties throughout the state. Either way, you no doubt understand that various challenges may arise before you seal a particular deal. It's no secret that real estate disputes can lead to serious economic loss; the sooner you resolve such problems, the better.