Specific Performance Demands Help Protect Orange County Buyers and Sellers
Property sales are rarely straightforward, particularly in this economy. Sellers may try to back out because another potential buyer offered more money for the property. Buyers may break contracts and not pay what they owe on a property. In this case, a court-ordered legal remedy that is available to both parties-called "specific performance"-can force one of the parties involved in the purchase and sales negotiation problem to follow through on what he or she agreed to do in the property sale agreement.
Call a Trusted Real Estate Attorney to Help Enforce Specific Performance Orders
A long list of property sale delays and obstacles can arise: Seller's remorse, a defaulting buyer who backed out of a real estate deal due to fear of a slow economy, a survey of a parcel of land shows it has less acreage than listed on the purchase contract, a commercial building has undisclosed construction defects, such as black mold so it can't be rented, a dishonest buyer lied about his finances on loan application or her down payment check bounced. There are many property sale problems that can oblige the court to make specific performance demands, whether it's a buyer's remedy or seller's remedy.
In some cases, a monetary payment must be made to satisfy specific performance demands-such as following through with a contractually agreed purchase. In other breach of contract issues the courts force the property title to be conveyed to buyer by a reluctant seller. Or hazardous building materials must be duly replaced before the transfer of property goes through. Or the court may allow "lis pendens", or "suit pending", wherein litigation is recorded against the deed of the seller's property in order to force a real estate transaction snag to be resolved.
If Your Real Estate Transaction Went Bad, Daniel C. Carlton Can Help Resolve It
Don't jeopardize your commercial property investment or suffer the financial devastation of real estate negligence. Let us help find the right solution if your real estate transaction went bad. Call the Law Offices of Daniel C. Carlton today at (949) 757-0707 or contact us online. Every conversation is personalized and confidential. Serving property buyer and sellers in the entire Orange County area, including Santa Ana, Garden Grove, Anaheim, Costa Mesa, Lake Forest, Mission Viejo, Laguna Niguel, Newport Beach and Tustin.