Developers Need an Experienced Orange County Real Estate Litigation Lawyer on Their Side

August 21, 2017

Countless California real estate developers found themselves in financial and legal messes after the economic downturn of 2008. Much of it was brought about by the flipping of properties, a practice that led to an inflated real estate market that just couldn’t be sustained.

Prior to 2008, lending restrictions were notoriously lax. This gave developers, especially new ones without a great deal of experience, a chance to enter the real estate market with extraordinarily low down payments of just three or five percent of the purchase price. A few hasty improvements would be completed before the property was sold at a profit. To some, it seemed like a viable business model, but the market eventually collapsed, and with it the fortunes of developers both large and small.

When the bottom fell out of the market, many developers were stuck with expensive properties they simply couldn’t afford. Adding to the misery were the unfinished construction and renovation projects that made the real estate impossible to unload. Lawsuits were filed from every direction. Purchasers wanted their property. Creditors wanted their money. Developers just wanted a way out.

Lending regulations have been overhauled in recent years, making guidelines tougher so that a situation like what happened in 2008 doesn’t happen again. Nonetheless, there is a great deal to be said for working with an Orange County real estate litigation lawyer. It’s their job to not only protect their client’s interests when they are entering into a new development deal, but also to fight for them when things go wrong.

In fact, enlisting the services of an experienced Orange County real estate litigation lawyer may be one of the best ways to avoid lawsuits that arise from development deals. That’s because the California real estate attorney is there for clients, making certain that all contracts they enter into are fair and have a reasonable escape clause if things go wrong.

While even a litigation lawyer’s first duty is to keep their client out of the courtroom, an experienced practitioner won’t shy away from a fight when it’s necessary. Should a trial become unavoidable, clients must know that their lawyer has a well-honed aptitude for courtroom presentation. That’s exactly the type of representation that clients get from an Orange County real estate litigation lawyer from FitzGerald Yap Kreditor. Contact them today at (949) 788-8900 to schedule a consultation.