Reuters reported this week that foreclosure activity across the United States dropped to its lowest in a decade during the first half of 2015. In fact, according to the article, U.S. foreclosures have not only returned to pre-housing crisis levels, they have fallen well below those pre-crisis levels and are still searching for a floor. The article supports the notion that the real estate market is currently very strong.
Unsurprisingly, Schorr Law has seen an increase in the type of lawsuits associated with a strong real estate market, including partition lawsuits, purchase and sale disputes, and attempts to quiet title to any encumbrances that can prevent a sale. Schorr Law has also seen a rise in clients who seek our aid in closing purchase and sale transactions. The common denominator among of all of those types of clients is that they usually involve a property owner who is motivated to recoup the value of their property. Usually, sellers have such motivation when the real estate market is strong.
As a firm that almost exclusively focuses on real estate litigation, we are always trying to closely monitor both the national and local Los Angeles Real Estate market. For more information or a free consultation with one of our Los Angeles based real estate attorneys about how to best navigate your real estate dispute, please contact us at 310-954-1877 or firstname.lastname@example.org