Ensure That Your Transaction is Handled Properly
At the Law Offices of Mark A. Brifman, we help individuals and real estate syndicates purchase property in foreclosure in Los Angeles and the surrounding communities of Southern California. California has extremely strict rules regarding the purchase of property in foreclosure and any violation of those rules can lead to serious consequences, which include civil and criminal penalties.
Our attorneys have more than 30 years of experience helping clients in real estate law in the state of California and have assisted many of our clients in successfully buying property in foreclosure. We understand California law and will explain it to you as it applies to your situation. We will provide a specific buy and sell agreement that you will need to show that you have complied with the law, and we will also guide you through the closing of the property, including the title review and escrow.
Reasons to Hire a Real Estate Lawyer
Buying property in foreclosure can have significant problems if it is done without an experienced real estate lawyer to help you through the process. The seller of the property has a five-day right of rescission that may be enacted before the property is sold or any money has changed hands. You may also end up buying property that is encumbered with liens or judgments, which you as the buyer are now responsible for paying.
In addition, the statutes in California regarding the purchase of property in foreclosure are fairly straightforward, but if they are not followed exactly, the damages are severe.
The Law Offices of Mark A. Brifman will set up the entire transaction with documentation that shows that the process was completed on the buyer's end with adherence to all California statutes. Our firm will also look at any agreement and property that you are considering to determine if it is in your best interest to purchase the property. It is less expensive to keep you out of trouble than to get you out of trouble when buying property in foreclosure.
If you are considering purchasing a piece of property in foreclosure in California, contact us at the Law Offices of Mark A. Brifman to get the experienced representation and counsel that you need. Call us at 818.920.2113 to schedule a free initial consultation.
