Real estate and property law cover a range of legal topics and issues. It involves different real estate transactions guided by policies set by the government and standards established by the industry. It has policies in buying and selling commercial and residential properties and includes financing aspects in real estate deals. Mortgages and foreclosures, for instance, are commonly tackled issues in real estate and property law.
Real Estate: The Basics
Some people, especially those who are not familiar with this subject, often use the terms real estate, real property, and realty interchangeably. They use “real estate” to pertain to the home or structure built on a land. Real estate involves more than that, however. It does not only include the house, structure, trees, and everything affixed to the land. The law sees the rights, benefits, and interests of the owner as attachments to the real property.
Causes of Litigation
Litigation in this area of law covers different types of conflict. One of the most common issues is foreclosure. There are many cases wherein the foreclosure of a house can be contestable. Real estate lawyers in Denver noted that filing a lawsuit might be the necessary action to take to find out if a property foreclosure should stop or be allowed to proceed. Other common conflicts that lead to litigation include mortgage disputes and defaults, implied warranties, and contract penalty clauses.
Conflicts in the legal area can be complex and daunting. This is especially true for people who are not familiar with the federal law and state statutes. The good news is you can always have a real estate lawyer to represent and guide you along the way. When facing charges, your lawyer can protect your rights and interest. The same is true when you are the one filing for a claim and pushing for litigation.
Real estate is an investment that you should not take for granted. Hire a reliable and well-experienced attorney to ensure positive results with your real estate issues.