Experienced Real Estate & Business Attorneys

Your Southern California Allies Against Fraudulent Property Deals

Real estate fraud cases include such claims as an agent making false statements or their failure to disclose pertinent information on a Multiple Listing Service (MLS) listing. This can lead the buyer to purchase based on a lack of disclosure. Fraud can also include the agent or seller making false statements on real estate contracts or having misrepresented the state of the property or its amenities, square footage, etc.

Damages awarded in real estate fraud litigation will include the plaintiff’s actual damages. It may also include punitive damages that the defendant will be personally liable for, as such damages are generally not insured and therefore become the liability of the defendant.

Fraudulent Representation In Real Estate Transactions

Buying a home represents the biggest investment you will likely ever make. Because of this, California law protects you from dishonesty during the process. Under Civil Code § 1714, negligence occurs when a party fails to exercise their duty of care to prevent foreseeable harm.

Real estate negligence happens when an agent fails to notify you of specific property issues. For instance, they might hide a previous claim against the title. Perhaps they ignore faulty equipment or structural failures that violate legal housing codes. When people hide these facts, they commit fraud. You deserve honest dealings from every professional involved in your transaction.

Examples Of Real Estate Fraud

Fraud takes many forms in the Los Angeles housing market. Different parties may breach their duties in the following ways:

Real Estate Agents And Brokers

Failing to disclose known environmental hazards like lead or mold
Providing false information about the property’s square footage
Acting for both buyer and seller without written consent

Sellers

Hiding significant water damage or foundation cracks behind new paint
Lying on the Transfer Disclosure Statement about past repairs
Failing to reveal unpermitted additions or renovations

Appraisers And Lenders

Intentionally inflating a property’s value to secure a higher loan
Falsifying income documents to qualify a buyer for a mortgage

Furthermore, these actions create a ripple effect of financial loss. If you suspect someone lied to you, an experienced real estate lawyer can help you review your options for recovery.

Skillful Representation In Los Angeles Real Estate Litigation

The team at Simkin & Associates brings a deep history of handling complex property disputes in Southern California. Our team focuses on holding negligent parties accountable for their actions. We meticulously examine every contract and disclosure form to find the truth.

Consequently, we know how to identify the subtle signs of a fraudulent deal. We gather the necessary evidence to build a strong case for your financial recovery. We fight for your rights when a seller or agent breaks the law.

Instead of feeling stuck with a bad investment, take action today. We provide clear communication throughout your entire legal journey. Our staff prioritizes your needs and works to protect your financial future.

Talk To An Experienced Litigator Today

Simkin & Associates, Inc., has been providing people throughout Southern California with quality litigation services for more than 30 years. Our attorneys’ experience in the courtroom and well-established understanding of real estate law works to your benefit. Call us at 888-288-5723 or email us to schedule an introductory consultation.