by Schorr Law | Jul 5, 2023 | Purchase and Sale
What does it mean to remove an appraisal contingency and what does it entail? This article provides an in-depth understanding of the concept of Waiving an Appraisal Contingency in a real estate purchase agreement. It explains the implications of an appraisal coming...
by Schorr Law | May 9, 2023 | Purchase and Sale
How does the Delayed Discovery Rule come into play in purchase and sale lawsuits? In California, the statute of limitations can be a cruel and unforgiving rule for some. Indeed, notwithstanding the merit of a claim, California courts routinely dismiss cases that were...
by Schorr Law | Nov 25, 2022 | Litigation, Purchase and Sale
There is a Price to be Paid for Breach of Contract A recent appellate court decision reiterated that the purpose of the law of contracts is to protect the reasonable expectations of the parties, including those contracts entered into as settlements. In Creditors...
by Schorr Law | Oct 19, 2022 | Purchase and Sale
Stipulated Judgments and Penalties for Breach In Creditors Adjustment Bureau, Inc. v. Imani (2022) 82 Cal.App.5th 131, 133–134, the Court of Appeals held that in certain circumstances, stipulated damages for the breach of a stipulated judgment are neither an...
by Schorr Law | Aug 3, 2022 | Purchase and Sale
What to Do When a Buyer Cannot Close Escrow on Time When a homebuyer negotiates a purchase and sale agreement, one important term that the homebuyer should negotiate is the escrow closing date. The escrow closing date is very important because it is the date that the...
by Schorr Law | Jul 29, 2021 | Purchase and Sale
Key Takeaways A Letter of Intent (LOI) outlines preliminary terms in a real estate deal and helps guide formal contract negotiations. LOIs can include both binding and non-binding clauses, making legal clarity essential. Common risks include vague language, unclear...
