Avoid Property Law Pitfalls Ask An Expert
There are some facts about California property law that you’ll find interesting and possibly even useful at some point in the future.
First, it’s important to stress that if and when you have a question regarding legality, you should consult with a real estate attorney.
Foreclosure has become an important issue in the years since the economy slowed down and the housing market became depressed in some areas. Now, statistics indicate that one of every 200 homes is likely to go into foreclosure. Be aware that there are strict laws regarding the notices that must be given and various options to pay that must be offered before the property in question can be seized and sold. Do not try to resolve the situation on your own. Let a real estate law firm navigate the potential pitfalls on your behalf.
If you’re selling a house, you can avoid unforeseen problems by making repairs and having the property inspected before you list it for sale. More than three quarters of buyers will request their own inspection before entirely committing to the purchase. All things considered, the average time it takes to close on a house in California is 40 days.
A real estate lawyer can also be of assistance to a landlord when eviction becomes necessary. California property law requires that if a tenant has been in residence for longer than a year and is going to be evicted, he or she must be provided at least 60 days’ notice to vacate.
In cases where the process becomes a matter of legal contention, the ultimate resolution will be decided in court by a judge. That usually takes about 20 days from the time the request is initiated.
Both personal and business property law cases can be relatively simple or very complicated. Avoid trying to resolve difficult problems without seeking the advice of a competent expert.