You are buying or selling a home and there is a problem. Be the most frequent question we get regarding a home purchase.
Q: What type of damages can be awarded in a breach of contract action?
Breach of contract damages generally consists of compensation for your monetary losses due to the other party's failure to live up to their part of the contract. The damages may even be specified in the contract, in which case they are known as “liquidated” damages. Contract damages do not include punitive damages.
Q: Will my real estate litigation dispute go to court?
The answer is likely yes unless the real estate contract contains an arbitration clause. Under an arbitration clause, the parties to the contract agree to resolve any contractual disputes through binding arbitration. There are advantages and disadvantages to arbitration, all of which your real estate litigation attorney can explain in detail.
Get in touch today.
Email [email protected]