Like every investment or business, real estate has legal issues that might cause problems for investors, especially first-time investors and those unaware that these issues exist.
In this article, Steltzner Law Firm, a reliable real estate law firm in Rock Hill, SC, shares common legal challenges in real estate and how to address them.
Common Legal Challenges in Real Estate
Some of the common legal challenges you are likely to face in real estate include the following:
1. Title Disputes
This is a very common issue in real estate. Title disputes occur when there is a disagreement over who owns a property. It occurs due to mistakes in recording the deeds or fraudulent transfer of title.
It is important to conduct a thorough title check and proper investigation before buying a real estate property. If you encounter a title dispute, consult your real estate attorney to help resolve the issue and protect your property.
2. Zoning and Land Use Issues
Zoning and land use issues occur when a property owner wants to use it in a way that is not permitted by the local zoning rules and regulations, such as building commercial buildings in a residential area or using a building for agricultural purposes in an urban area. You should consult a real estate attorney before building on your property to avoid zoning or land use issues.
3. Contract Disputes
These disputes arise when there is a disagreement on the terms of a contract, including issues like purchase agreements or lease agreements. Your real estate lawyer can help you solve your contract disputes; however, they can be very complicated and time-consuming to resolve.
4. Foreclosure
Foreclosure occurs when a lender repossesses a property from a borrower who has failed to pay their mortgage. This is usually a tedious and emotional process, both for the lender and the homeowner, and can have financial consequences.
5. Forgeries
This involves creating, imitating, or forging documents or signatures with the intention of fraud. It can also involve falsifying property deeds, creating fake documents, or forging signatures. Forgery can result in financial loss, legal disputes, and possible criminal charges for the culprit.
Real Estate Attorney in Rock Hill, SC
If you need a real estate attorney to help educate you and protect your property from legal disputes, Steltzner Law Firm is your best option.
Steltzner Law Firm is an experienced real estate law firm in Rock Hill, Sc, providing legal support and representation for individuals, partnerships, and corporate organizations, to help protect their real estate investments and prevent legal issues.
For inquiries and consultations, contact Steltzner Law Firm at 803-329-3777 or visit their website.
