If you have been a victim of real estate fraud in Los Angeles or Southern California, you need lawyers who can help you uncover the full extent of the fraud and help you recover your losses and right the situation.
The real estate fraud lawyers at Wagenseller Law Firm have been successful in fighting a number of real estate fraud cases and can help you with your lawsuit.
Real estate fraud lawsuits must allege certain elements, namely:
(1) A misrepresentation (a false representation, concealment, or nondisclosure),
(2) Knowledge of falsity,
(3) An intent to defraud,
(4) Justifiable reliance, and
(5) Resulting damage.
Some variants on fraud, such as negligent misrepresentation, do not require knowledge of the falsity or the intent to defraud, but require that the purveyor of the fraud has no reasonable ground for believing in the statement’s truth. You need a real estate attorney who has handled fraud cases before and can establish the required elements before a jury.
In a recent real estate fraud case handled by Wagenseller Law Firm, our lawyers represented the purchaser of a shopping center. The seller of the shopping center marketed the center with an inflated rent roll (thus justifying a higher offer). In escrow the seller submitted another rent roll signed under penalty of perjury showing, again, an inflated rental income. The seller also submitted an Operating Statement showing fake income for the month before closing. When our client bought the property, the true monthly income turned out to be significantly less than the promised rental income. We are currently suing the seller for real estate fraud and asking for rescission of the purchase and sale agreement as well as damages.
If you find yourself the victim of real estate fraud in Los Angeles, choose attorneys who have the experience and know-how to successfully prosecute your lawsuit. The attorneys at Wagenseller Law Firm will listen to your claim, thoroughly investigate the facts and pursue your lawsuit with tenacity.
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