When an individual is purchasing real estate as an investment, an experienced Dallas attorney is necessary to represent his or her interests. If it is a commercial acquisition, this is especially important. In large multimillion dollar transactions, a lawyer will be present at the closing of the sale. In a loan restructuring, there are legalities that a realtor is not qualified to oversee.
Another area of real estate law is regarding landlord and tenant issues. Complex leases are negotiated and drafted. There are numerous contracts and leases. No layperson can be expected to understand them well enough to represent his or her own best interests during any negotiations or disputes.
Loan restructuring can be finalized for condos, townhouses, or single family homes. Financial matters need to be examined for loopholes or potentially detrimental clauses in a contract. While a realtor is familiar with some of these, only a lawyer can find and deal with any possible legal issues. Subleasing, termination agreements, and deals with a broker are some of the issues.
Litigation in the corporate world of high-end properties requires special expertise. An attorney will take clients through the rough waters of bankruptcy, tenant disputes, partnerships, and joint ventures. Clients are helped to navigate through breach of contract issues and disputes over commissions.
A short sale of a residence or other property is one in which the profits from a sale are not enough to pay off the mortgage. Thus, the seller is short of funds. In such a sale speed is crucial. A property owner protects as much equity as possible by initiating a plan of action. This is especially important in the case of a foreclosure.
Your best interests will be served by a Dallas attorney who can negotiate legal roadblocks. A realtor is not qualified to practice law or give legal advice. In a foreclosure, a trained lawyer is prepared to obtain the most benefits possible from the sale of the property that is being foreclosed on.
Landlords and prospective property buyers, you can find a brief summary of the reasons why you should hire a Dallas attorney at http://www.PhelpsLawFirm.com right now.
Source: http://art.redbright.co.za/attorney-in-dallas-helps-clients-with-real-estate-advice/
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