Topic: Business Litigation
Everyone’s honest in real estate negotiations and deals, right?
Yes, perhaps, but only in some other universe. On planet earth, and certainly in Southern California and across the United States, residential and commercial real estate transactions are often marked by hide-the-ball tactics that obscure realities.
And when things are fudged (that is, when numbers are tweaked, downsides muted, upsides overstated, unpleasantries disguised and so forth), parties that justifiably rely in good faith on other parties to their detriment can often suffer harm in a big way.
And that outcome can prevail regardless of whether they are a first-time home buyer or an ultra-sophisticated business entrepreneur commanding extensive experience in commercial affairs.
Sometimes individuals and businesses simply act in bad faith. Parties might remain mum about the leaky roof and plumbing problems. They might fail to mention a property’s structural shortcomings that owe to soil inconsistency. Maybe buy/sell discussions somehow failed to zero in on longstanding infestation problems, electrical mishaps, understated upkeep costs or overstated profits that will never come close to realization.
Nondisclosure in the real estate realm can yield some fairly outsized problems in the wake of a transaction. And, when those problems are material, an adversely affected party might be seriously compromised financially.
In many instances, that party might also be fortunate for having a meritorious legal claim against a bad-faith actor for misrepresentation or fraudulent misconduct.
A proven business law attorney with a deep well of experience representing residential and business clients seeking relief in nondisclosure matters can help a client determine whether a strong case exists against another party and, if so, what type of damages might be pursued to cover losses.
Sharp negotiating skills are routinely lauded in the American workplace.
Conversely, fraudulent nondisclosure isn’t. It is illegal, and a wide panoply of legal remedies exist that an experienced attorney can pursue on behalf of a defrauded client.