Law Library Articles

Top 10 Purchase and Sale of a Residence Articles in the LegalMatch Law Library

Purchasing or selling real estate is simple, assuming you have endless amounts of cash and an accomplished team of attorneys and real estate agents at your beck and call.

Otherwise, you may find the real estate world to be somewhat intimidating. Coming to terms with things like mortgages and property liens might even strike you as something of a nightmare.

As a starting point, the LegalMatch Law Library has compiled a list of the Top 10 Articles on the Purchase and Sale of a Residence.

1. Suing a Real Estate Agent

You can sue a real estate agent for several reasons, including negligence or fraud. An agent has a duty to act in your best interest. If they breach this duty, you may be able to recover damages.

2. Deed Lawyers

A deed is a legal document that transfers ownership of a property. There are different types of deeds, such as a quitclaim deed and a warranty deed. A lawyer can help you with all aspects of property deeds. Read this article to learn more about the laws and regulations governing deeds.

3. Home Inspection Fraud Lawyers

Home inspection fraud occurs when an inspector intentionally misrepresents the condition of a property. This can cause a buyer to purchase a home with serious defects. A victim of home inspection fraud can sue the inspector for damages.

4. Top 7 Claims Against Real Estate Agents

Real estate agents can be sued for a variety of reasons. These include breach of duty, negligence, and fraud. An agent who fails to disclose a known defect can also be held liable.

5. Abandoned Personal Property

Abandoned personal property is property that has been left behind by its owner. The laws regarding abandoned property vary by state. In some cases, the person who finds the property may be able to claim ownership.

6. Escrow Accounts Lawyers

An escrow account is a third-party account that holds money or property during a real estate transaction. This protects both the buyer and the seller. An escrow agent is responsible for ensuring that all conditions of the sale are met before releasing the funds.

7. Breach of an Escrow Agreement

A breach of an escrow agreement occurs when the escrow agent fails to follow the terms of the agreement. This can include releasing funds before all conditions have been met. The injured party can sue the escrow agent for damages. Learn more about your rights in the event of a breach.

8. Recovering a Real Estate Broker’s Commission

A real estate broker is entitled to a commission when they successfully sell a property. If the seller refuses to pay the commission, the broker can sue to recover it. The broker must prove that they had a valid listing agreement and that they were the procuring cause of the sale.

9. Home Inspection Lawsuits

A home inspector can be sued if they are negligent in their inspection. This can happen if they miss a serious defect that they should have found. A buyer who relies on a faulty inspection report can sue the inspector for damages.

10. Home Inspector Liability

A home inspector can be held liable for mistakes they make during an inspection. This can include failing to identify a major problem with a home. The inspector’s liability may be limited by the terms of the inspection contract.