Real estate lawsuits are those involving disputes over property such as land or a home. Every year, many suits focus on issues such as mortgage disputes and foreclosures. Recently, specific concepts such as junior and subprime mortgages have been the impetus behind many lawsuits. Real estate litigation can involve multiple parties, including:
* Homeowners or mortgage borrowers
* Mortgage companies/lenders
* Private lenders and banks
* Second and third mortgage lenders
* Property appraisers
* Government entities
Readers can discover more info here about causes of action and legal remedies in real estate litigation, and they can learn how a Real Estate Lawyer in Santa Barbara CA can protect their rights while achieving a fair outcome for everyone involved.
Causes of Action in Real Estate Litigation
Real estate suits arise for a variety of reasons. Some of the most common actionable causes include failure to pay mortgage payments, breach of contract, unauthorized title transfers, illegal land use, lender disputes, and title disputes. Sometimes, other causes form the basis of real estate litigation, and some lawsuits involve multiple concepts that are too complex for the average person to understand. In most cases, it is necessary to hire a real estate attorney for help with these causes of action.
Legal Remedies in Real Estate Lawsuits
Real estate litigation has specific remedies. These can include the award of damages, foreclosure and alternatives, liens, judicial sales and loan restructuring. In some real estate suits, damages are not practical. For example, it can be difficult to force a borrower to pay mortgage arrearages because of the person’s financial issues. Therefore, courts may prescribe an alternate legal remedy such as the forced sale of a home with the proceeds passed to the mortgage lender.
Does a Party Need an Attorney’s Help With Real Estate Disputes and Litigation?
Real estate lawsuits are very complex, making them a challenge to handle. One may wish to hire a Real Estate Lawyer in Santa Barbara CA for help with litigation or a dispute. An attorney can help the client file the claim, review relevant laws, and assemble a legal argument. Additionally, an attorney can represent and protect a client’s interest during court hearings.
