When to Hire a Real Estate Attorney

KEY WEST, Fla. - Nov. 29, 2016 - PRLog -- Per Fred Mullins, Top Producing Member of Team Mullins at Coldwell Banker Schmitt in Key West and owner of www.lowerkeys-homes.com,"So, when do you hire a real estate attorney? Well, as you might imagine, there are circumstances which make it a smart move. In other instances, having a real estate attorney on your side is without question.

Here are some prime examples of when to hire an experienced real estate attorney:

● Where there's misrepresentation. If the seller misrepresented the property, for instance, inflating the waterfront footage, and you've discovered it, that's a good time to consult a real estate attorney. This is especially true if you've already gone through closing.

● When agreed repairs aren't done. In many real estate transactions, the sellers agree to make certain repairs. For example, fixing termite damage. But after closing, the damage remains, and that's definitely an instance to speak with a real estate attorney.

● To force the deal to go through. In practically almost real estate contract, there's a "specific performance" clause. And it's name is precisely what it does -- forces one party to perform on a specific. For instance, if a buyer tries to back out or a seller refuses to sell, the other party can sue for specific performance. There are actually cases of courts making people go through with a sale or a purchase.

● When dealing with an HOA. One great thing about an HOA is the association takes care of grounds maintenance and other things. But, if an HOA suddenly charges a special assessment out of the blue, the reserves and finances might have been mismanaged. That calls for a real estate attorney.

● There are judgments or liens. If the property has a judgment or a lien against it and you want to sell it, you'll definitely need a real estate attorney. Both judgements and liens present big challenges.

● If there is an uncooperative party. Whether it's a spouse, a relative, or a business partner, who is not cooperating with the transaction, you'll need a real estate attorney. For instance, if you purchased a distressed property, rehabilitated it, and signed a contract to sell it but your partner suddenly changes his or her mind -- a real estate attorney can help to resolve the issues.

Fred Mullins, P.A. holds an MBA, B.S., real estate license United States Coast Guard Master Captain's license and commercial pilot's license. With over 20years of cross functional experience in real estate, international asset management and construction management, Fred's experience places him as one of the top real estate professionals in the Florida Keys.For help with buying or selling Real Estate in the Lower Florida Keys,see http://www.lowerkeys-homes.com