What happens if you sue a real estate seller?

In some situations, you could actually cancel the sale if it hasn’t gone through yet. You get your money back and the seller keeps the home. Document your financial injury. When you sue, you can get compensation for any financial injury that you suffered. Accordingly, you should gather evidence that shows the dollar amount of your injury.

How can I sue someone for real estate fraud?

You can sue for fraud by filing a document called a “complaint” with the court. In this document, you identify yourself as the “plaintiff” and the person you are suing as the “defendant.” You need to go into some detail about the fraudulent scheme, e.g., when and how it was committed.

Is there a failure to disclose lawsuit in Los Angeles?

In Los Angeles real estate litigation attorneys face real estate failure to disclose questions on a regular basis. The evaluation of these claims is not as simple as it might first appear. Here are some questions to ask when determining whether you have a failure to disclose lawsuit regarding your real estate purchase. Is there a duty to disclose?

Can a buyer Sue a seller for nondisclosure?

“A seller may be liable to the buyer for the nondisclosure of material facts, negligent misrepresentation of facts, intentional misrepresentation of facts, or suppression or concealment of facts,” Zuetel explains. Should you sue a seller for failure to disclose before the sale?

What was the lawsuit against the seller for?

Winesett sued the seller, seller’s agent, her own agent and the real estate brokerages for $75,000 for repairs plus $350,000 in punitive damages. She sued the seller for fraud and the realtors for violation of the Real Estate Broker’s Act (“REBA”).

Can a seller sue a real estate agent for money?

Otherwise, the buyer or seller may sue the agent to recover damages from the issue. The buyer may need the money to repair defects and damage while the seller will often sue the agent when the buyer attempts to sue him or her or must acquire the funds from the seller.

Can a realtor be sued for breach of contract?

Breach of contract – Real estate agents who did not perform under the terms of the contract can be sued for breach of contract. One of the most common breach of contract claims is for failing to comply within the time-frame stated in the contract. Breach of contract claims are often filed with claims of negligence, breach of duty and fraud.

What happens if you sue for real estate fraud?

Compensatory damages. These are meant to reimburse you for the money you lost because of the fraud. For example, if you needed to repair a defective home, then you can be paid the amount you spent on repairs. Also, you could be awarded the value of the home if it was stolen from you.

How to sue a real estate agent for failing to disclose a defect?

When a client sues a real estate agent for failing to disclose a property defect, they have to prove the agent knew or should have known about the defect and failed to disclose it. Be sure to perform a thorough inspection of the property, and have your clients sign a statement that documents their awareness of any issues.

When did the plaintiffs buy their dream home?

[1] On April 18, 2006 the plaintiffs offer to purchase, what they thought was their dream home, was accepted by the defendants. The plaintiffs allege that in fact the house was their worst nightmare as a result of numerous concealed electrical, plumbing and structural defects.