“[Attorney Burton] got creditors to back off and was able to devise a plan that not only satisfied creditors but also enabled us to keep our house and other assets.”
We Can Answer Your Legal Questions – Call (818) 501-5055 For A Free Initial Consultation
We Can Answer Your Legal Questions – Call (818) 501-5055 For A Free Initial Consultation
Los Angeles County is notorious for its bullish real estate market, but opportunity comes with risk that local residential and commercial real estate transaction lawyer Stephen Burton can help you manage.
Los Angeles County’s real estate market is so strong that last winter’s fires in areas like Altadena and the Pacific Palisades only seemed to add fuel to developers’ frenzy to snap up property. However, most people do not have the resources these major developers have, which means that you will take on a lot more risk when buying property.
While the risk of major environmental disasters like the Palisades fire remains low (for now) or non-existent for most LA County homes, every purchase, sale and transaction of residential or commercial real estate comes with risks, especially if you do not work with an experienced real estate attorney on the closing.
Fortunately, if you are buying or selling in Los Angeles County, you can count on the advice and experience of real estate lawyer Stephen Burton. Not only will he be able to help you manage all of the ordinary risks associated with real estate transactions in LA, but he is particularly skilled at handling complex or distressed properties, which can sometimes offer the most important opportunities.
Call For A Free Initial Consultation (818) 501-5055
Whether you are trying to buy or desperate to sell, the stakes are always higher in a real estate transaction when risk or threat hangs over the property. These situations, often described as “distressed” properties, most commonly occur when someone is forced to sell, sometimes short, because they are behind on their mortgage.
With the threat of foreclosure looming, you might be tempted to sell fast to recover what you can, and sometimes even sell below the market rate to get it done. Such sales can certainly offer a very exciting opportunity for prospective buyers in both the commercial and residential categories. But the complexities of the property's legal status (or limbo) that give it that unique value also come with additional risks and complications.
This makes it all the more vital to work with an experienced real estate attorney when pursuing either side of a distressed property sale or purchase. In Los Angeles County, attorney Stephen Burton often handles such sales and situations during his work as a bankruptcy lawyer, and can help you manage the risk on your property purchase or sale, regardless of whether it is a distressed property.
California law does not require you to have an attorney help handle the closing on a real estate transaction, but that doesn't mean you shouldn’t get one. The more complex the transaction, such as for those on distressed properties, or the lots of burned debris selling throughout the fire-scorched areas of Los Angeles County, the more important it is to have a lawyer help review everything before closing.
An experienced real estate attorney will help you manage risk by:
Whether you are buying residential or commercial real estate, it is vital to work with an attorney to help you understand precisely what you are buying and what baggage it comes with. This is done with a title search, which checks all the existing liens, obligations, and other conflicts that might be pending on the property and its ownership.
The last thing you want is to snap up a home at great profit only to learn that a portion of it is still owned or owed to someone else. This will never happen if you work with an attorney to do all the proper checks and title verifications before purchasing.
If a house is only as strong as its foundations, a real estate transaction is only as secure as the contract and other legal documents it requires. Working with an attorney helps you ensure that these documents will be correctly prepared and accurate, without fine print you might have missed, or other flaws that will undermine or delay your sale or purchase.
You do not want to spend all the time and effort of finding the right home only for the sale to fall through or the contract to be flawed and send you all to court. Protect yourself and your property during a transaction by working with a skilled attorney like Stephen Burton.
Call For A Free Initial Consultation (818) 501-5055
Burton Law Offices | Los Angeles Real Estate And Financial Solutions Attorney
If you are heading into real estate transaction some risk is inevitable, and even if most are not as dramatic as the fires that consumed so many LA County homes in January, most are also far easier to avoid. By working with an experienced real estate attorney, particularly when dealing with any kind of distressed or complex property, you can limit your risks and set your transaction up on the most stable foundation possible.
Before closing on commercial or residential real estate in Los Angeles County, call attorney Stephen Burton today at (818) 501-5055 or reach out to his team online to set up a consultation and curtail your risk.
Call For A Free Initial Consultation (818) 501-5055“[Attorney Burton] got creditors to back off and was able to devise a plan that not only satisfied creditors but also enabled us to keep our house and other assets.”
“We were impressed by his knowledge, skill and his reassurance that we could get through this…having someone like Steve Burton there to protect our interests has given us peace of mind.”
