|
|
Home / Real Estate
Problems with “The Best Policy”
It’s said that honesty is the best policy. In real estate, it’s crucial. Brokers take careful steps to ensure that buyers and sellers comply with all applicable disclosure laws. But occasionally, property conditions can be misrepresented or undisclosed. Financing arrangements can have loopholes. Mechanics’ liens, valuations, and mortgage priorities can be mismanaged. Despite honest intentions, legal disputes arise.
Costs of Litigation
In the court system, such disputes can prove prohibitively expensive when totaling all of the fees: the fees for attorneys, the costs of prolonged discovery, and the expense of expert witnesses. Moreover, overflowing dockets and delays could protract the litigation for years.
The ADR Solution
Alternative dispute resolution (ADR) is a more efficient, predictable and amicable way to resolve real estate disputes. Parties can achieve the same legal decisions as court, only without the expense and delays. That’s why more and more real estate professionals are turning to ADR to control legal expenditures, manage risks, and preserve client and broker relationships.
Let the FORUM Help
Whether you currently have a real estate dispute in need of resolution or if you’re simply looking to improve your dispute management program moving forward, the FORUM can help you. We offer a spectrum of dispute resolution services to assist you at any stage of the dispute process, from pre-dispute agreements to post-dispute mediation and arbitration services. Our legally-trained real estate experts will help you resolve your disputes in the most satisfactory and expeditious manner possible.
For more information, contact us today.
|
|