Realty Dispute Issues: Aborted Transaction Disputes, Deposit Release, Undisclosed Defects, Among Other Things

Question: What are common realty issues that can lead to legal action?

Answer:   Realty disputes frequently arise from issues such as failing to close in broom swept condition,  improper removal of fixtures,  or failing to disclose latent defects.  Engaging with VP Legal Services can provide the essential professional guidance you need to navigate these complexities and protect your interests effectively.

Realty Issues Commonly Leading to Legal Action

When a realty deal goes awry, legal disputes often arise.  In some circumstances the seller of a property may suffer losses and in other circumstances it is the buyer that suffers harm.  Regardless of which side of a troubled realty transaction you are on, professional legal advice should be sought.

Common Issues

Frequently occuring realty dispute issues that give rise to litigation involve, among other things:

• The failure to close in broom swept condition;
• The failure to close whereas a buyer abandons the agreement;
• The improper removal of fixtures or certain chattels prior to closing;
• The failure to properly close a pool or perform other maintenance;
• The failure to disclose details regarding a latent defect; and
• The improper concealment of a patent defect.