Four Legal Problem Areas In Real Estate

Although real estate is a complex and diverse industry, there are some commonalities to be found in transactions. The attorneys of McMullan & Brown in Little Rock often resolve problems from among these four areas for people buying and selling real estate in Arkansas:

1. Problems With Title

Title refers to a property owner's right to own, use or sell a piece of land. If a seller doesn't have clear title to a property, they will need to "cure" title defects such as liens, mistakes in recording the deed and others.

2. Problems With Access

In rural areas, properties may be connected to a county road by a driveway or path that is not recognized legally as part of the property. In this case, an easement or another legal tool may be necessary to grant a property owner access to his or her land.

3. Problems With Disclosures

Disclosure statements are a critical part of the home-buying process. A seller can be sued for not revealing significant property defects (and thus need a defense attorney). Likewise, buyers may need representation if they purchased a property unaware of defects not listed in the disclosures.

4. Problems With Enforcement

Once a contract for a real estate transaction has been drafted, challenges may still remain. A buyer or seller may attempt to back out of an agreement if a better offer looms on the horizon. The specter of litigation to enforce a pending contract may provide an incentive to complete the transaction in question.

Contact Us For Help With Any Legal Real Estate Matter

Our firm can help you untangle your real estate problems. In addition to representing buyers and sellers, McMullan & Brown also advises and represents lenders and loan servicers in real estate transactions and disputes. Our lawyers have years of experience representing clients with a full range of legal issues involving residential and commercial properties.

To schedule a consultation, call us at 501-376-9119 or use our online contact form.