Tuesday, October 13, 2009

Real Estate Related Legal Malpractice May Be On The Rise

Times have changed. A few years ago, when the real estate market was rising, an attorney’s errors and omissions when handling real estate transactions were often overlooked. If a piece of property proved unsuitable for its intended use after a transaction was completed, the property was often sold at a profit with minimal harm to the client.

However, with the recent downturn in the real estate market, once inconsequential mistakes have become serious liabilities. Real estate related legal malpractice in Connecticut may develop as a result of many different types of errors including, zoning issues, title issues, title insurance issues and contract errors. With the value of property falling rapidly, property owners cannot afford to be seriously harmed by lawyer screw ups surrounding their real estate transaction. These errors are easily avoidable but when they do happen – we can help.

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