- Practice Areas
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:
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.
Home Sales: In home sales this will usually involve the California Association of Realtors (CAR) form agreement used by most brokers. A breach of the purchase and sale agreement usually arises when the seller decides that he or she would rather not sell or even when he or she receives another offer at a higher price.
Commercial Real Estate Sales: Multi-family sales in Los Angeles are often handled with a California Association of Realtors or a broker-generated purchase and sale agreement. Industrial building sales are often handled with an American Industrial Real Estate Association (AIR) form contract.Our Breach of Contract Attorneys have experience with the CAR form, the AIR form and many other specially drafted contracts. Having an experienced real estate breach of contract attorney can have an impact on your case in others ways as well. Our trial attorneys have experience with specific performance, which involves asking the court to order that the other party must actually perform his or her obligations under the contract rather than just awarding money damages. A real estate lawsuit regarding the ownership or possession of real property may also involve a lis pendens (or Notice of Pending Action). The lis pendens can be a very powerful litigation tool. The party who records an improper lis pendens can face sanctions for wrongfully recording it. The innocent party whose property is tied up by a lis pendens can miss out on a potential sale or refinance when a lis pendens is improperly recorded. Our experienced real estate litigation attorneys have had success in dealing with both lis pendens scenarios.
A commercial lease is usually one of the most important contracts that any business will enter. It can also have the most devastating impact because of its lengthy term or high rental payments. The attorneys at Wagenseller Law Firm handle lawsuits over lease issues for both landlords and tenants. Clients typically include industrial building, retail, shopping center, restaurant and office tenants and landlords.Most breach of lease lawsuits revolve around non-payment of rent. However, both sides often have incentives to reach a resolution on these lawsuits. The tenant may be suffering a temporary set-back but be able to enter into payments over time. The landlord must weigh accepting less money or money over time versus having a space that sits empty and which must be improved for a new tenant. A new tenant also usually means a brokerage commission must be paid. The most important element in negotiating a breach of lease situation is to actually communicate. Our breach of lease attorneys can help both sides reach a mutually agreeable solution.Other breach of lease lawsuits include disputes over options, co-tenancy provisions, common area maintenance charge disputes, lease exclusivity provisions, lease renewal procedures and other terms of the lease.
Breach of commercial contracts in Los Angeles often involves the application of California’s Commercial Code. The Commercial Code will provide certain guidelines that govern a commercial transaction. A business litigation attorney with experience in commercial transactions will have the necessary knowledge to help guide you through commercial litigation.Breach of contract lawsuits relating to commercial contracts often involve collections for amounts owing or for disputes over allegedly defective goods.
Our partnership litigation attorneys handle numerous partnership disputes, most of which are governed by partnership agreements or limited liability operating agreements. Litigation over an Operating Agreement is a common lawsuit between members, both in real estate litigation and in general business litigation. California’s Corporations Code sets forth various requirements as to what may or may not be included in an Operating Agreement. Otherwise a well-drafted Operating Agreement should provide the framework for the Company members to resolve their disputes. Conversely, a vague or poorly-drafted LLC Operating Agreement can make resolution of member disputes more difficult than they should be. The partnership lawyers at Wagenseller Law Firm have handled many LLC member disputes and have extensive experience resolving lawsuits arising over an Operating Agreement.
Not all breach of contract lawsuits arise over the interpretation of a written contract. In fact many business partners go into business with each based just on a handshake and a discussion over a cup of coffee. Others will trade emails on what they think the partnership or joint venture should be but never get around to hiring a lawyer to commit the understandings to a written contract. California law recognizes oral contracts and allows for lawsuits for breach of an oral contract. A statute of limitations for a breach of oral contract is typically shorter than the statute of limitations for a written contract. There may also be difficulties in proving the required elements of a breach of contract lawsuit. Not every conversation rises to the level of an oral contract. An experienced business trial lawyer should be able to help you with your situation to determine whether the facts of your case have a chance of succeeding in breach of contract litigation.
Likewise, an experienced breach of contract lawyer can evaluate whether the conduct of the parties rises to the level of a contract (and a breach of contract) even when those terms have not been set forth in writing. While one party may argue that no agreement was reached and no contract was entered into, an experienced litigation attorney may be able to point to certain facts (that party made payments, manufactured the good, marketed the arrangement, etc.) that show that the parties had a meeting of the minds.
The Wagenseller Law Firm has experience handling a variety of real estate fraud matters.