Real Estate Broker Fraud Attorneys Los Angeles
Real estate fraud has become a trending topic in today’s real estate market. There is existing fraud due to things such as predatory lending services, fraudulent transfers of real property, fraudulent purchase and sale transactions, and other scam related issues.
Our real estate attorneys have litigated these types of matters, and have experience dealing with fraudulent disputes. We have a great deal of experience handling real estate scams that even the brightest people have fallen for. We will take the appropriate steps to help you prove your real estate fraud claims, and will guide you through the process of getting through it.
The Legal Duty of Disclosure in California
In California, one of the most common types of real estate dispute is a real estate fraud dispute involving a purchase and sale agreement. We see these disputes throughout California both with commercial and residential sales. Most fraud disputes arising out of a purchase and sale agreement arise from the seller’s affirmative disclosure obligations. If a seller or their agent/broker fail to comply with their disclosure obligations or affirmatively misrepresent the true state of the property, this can lead to liability to the new buyer.
Laws on Real Estate Fraud
Generally, the seller in either a residential or commercial transaction has a duty to disclose known material defects regarding the property that may affect the value or the buyer’s decision on whether to buy the property. The seller has different disclosure obligations depending on the type of property (single family, multi-unit or commercial) and the terms in the contract. That said, the seller is never privileged to misrepresent the characteristics of the property.
Common Remedies for Real Estate Fraud
In California, the remedies for real estate fraud involve claims for money damages or possible rescission. The Court/Jury will decide money damages based on the difference between the price the buyer paid and the price a fully informed buyer would have paid for the same piece of property. Rescission, in contract, is the remedy designed to restore the parties to their relative position had the sale never taken place. Under either theory there are also additional money claims that complement the primary remedy.
Are you victim of real estate fraud? Here's how we can help.
Our real estate fraud attorneys in los angeles have extensive experience litigating real estate fraud cases throughout the State of California. We have litigated cases in many counties in California, including but not limited to, Los Angeles County, Ventura County, San Francisco County, Marin County, San Bernardino County, Orange County, Riverside County, San Diego County, San Luis Obispo County, Monterrey County, Kern County, Sacramento County as well as others. Even though we are Los Angeles based, we are frequently retained by clients throughout the State of California. Why? We have a depth of experience and expertise that allows us to be the aggressive expert needed to resolve disputes in our client’s favor. Our firm is frequently at the cutting edge of real estate fraud disputes involving high profile, large value disputes.
Real Estate and Mortgage Fraud cases may include:
- Loan Reformation
- Short Sales
- Predatory Lending Practices
- Breach of Contract
We also offer constructive strategies to help our clients avoid litigation in the future. Our goal is to get the desired results for our clients, whether through settlement terms or trial litigation.