3 Scenarios When You Should Hire a Real Estate Attorney in New York
Updated: Nov 9, 2020
Fortunes have been won and lost based on real estate decisions. If you are buying a property, selling a property or in the middle of a contractor dispute, a real estate attorney can provide legal guidance and help you avoid costly mistakes. At Solomon Richman P.C., you will find a team of seasoned real estate […]
Fortunes have been won and lost based on real estate decisions. If you are buying a property, selling a property or in the middle of a contractor dispute, a real estate attorney can provide legal guidance and help you avoid costly mistakes.
At Solomon Richman P.C. , you will find a team of seasoned real estate attorneys who have worked in both the commercial and residential markets. If you need help writing purchase or sale agreements, resolving a contractor dispute, or acquiring a site to build, call our office today at 516-437-6443 to speak with a real estate attorney in Long Island.
Read on to learn three scenarios when hiring a real estate lawyer would be a smart move:
1. Creating Purchase or Sale Agreements
If you are purchasing or selling a business, the purchase and sale agreements should be detailed and contain language that protects your interests. Depending on the nature of the commercial property, it may be necessary to include clauses related to:
Current tenant issues;
Land use issues; and
2. Resolving a Contractor Dispute
Both residential and commercial property owners can find themselves in the middle of a contractor dispute. These often arise when a contractor provides faulty repairs or takes a cut-corners approach when building an addition to a property.
A small oversight while designing or building a commercial or residential property could make the building unsafe and cost the owner a veritable fortune in the long-run.
The commercial real estate lawyers at Solomon Richman P.C. also represent contractors who did not receive payments from a client. We can help you avoid this situation by creating your contractor agreement, and if a client refuses to make agreed payments, we will negotiate with your client to settle the dispute, or we can file the appropriate documents for a mechanics lien.
3. Fighting Foreclosure
If you are facing foreclosure, it is critical that you take immediate action. You may be able to fight the foreclosure, but there are important tasks that you must complete within a short timeframe.
Your best course of action is to contact a real estate attorney. Your lawyer will help you answer to the complaint, which you may have to do within 20 days.
There are several possible ways to overcome the foreclosure action against you. For example, you may be able to modify your home loan so you are able to make payments. Your real estate lawyer can evaluate your situation to determine if this is a feasible option. Also, your attorney can investigate whether the bank has followed proper foreclosure protocols.
If you would like to speak with a Long Island real estate attorney, contact Solomon Richman P.C. Our law firm has been serving business- and homeowners in New York for more than 55 years. Call 516-437-6443 to schedule a free initial consultation.