Why Real Estate Law is Havin Such a Tough Time in 2019
Shaikh Law Firm now focusing on the Real estate lawyer
Toronto. It is ridiculous I thought, but then I realized how many lawsuits
there are with regards to real estate transactions, and how much new case law
there has been since the economic implosion of the real estate market. It's
quite unfortunate when you think about it. But that's the way it works, and
that's the way the cookie crumbles, and there are more storm clouds on the
horizon when it comes to laws, lawyers, and real property.
Real Estate lawyers have been a necessity in the industry
for as long as private property rights have been with us. Today, with all the
new case law, backlogged court cases, and new bureaucratic legislation it has
certainly stifled an already problematic sector of our economy since the 2008
crash. Currently, there are 100s of thousands of foreclosure cases tied up in
court, and as you know most of the courts are cutting staff and costs too. Many
are no longer open on Fridays and there are fewer judges, courtrooms available,
and it's just turned into a giant fiasco.
If banks and mortgage companies cannot foreclose and move
those properties things continue to deteriorate from there. There was an
interesting article on just this very topic, which in essence makes my point
for me, but there are some things I'd like to add, and some considerations
which I'd ask you to think about and ask yourself. He brings up another issue,
and discusses the whole "Robo-Signing" debate as well.
Some of these court cases could go on for years, and render
the sale many of these properties pending for a long time, and that means no
buyer can purchase. This isn't good for anyone, and it's one of the reasons
that I believe real property law is going to have a tough time digging itself
out after being buried under tons of debris, legal paperwork, and court cases
in 2011.
Comments
Post a Comment