Pitfalls of Buying a Home With a Friend

One of Schorr Law’s real estate attorneys, Michael Ouziel, was quoted online today on MortgageLoan.com for an article entitled “Buying a home with a friend, parent or sibling?  You need a contract.”  In the article, Mr. Ouziel discusses important steps to take whenever an individual purchases real property with a friend or sibling.

Our attorneys frequently see the situation where recorded title does not match the actual ownership interests in the real property.  In these situations, we are frequently hired, as experienced Los Angeles real estate attorneys, to add a party’s name to title or to prevent a party from being added to title.  Under either scenario, a legal battle usually follows.  We always recommend planning ahead to avoid these ownership disputes, but if such a dispute does arise, do not hesitate to contact us.

For more information, contact us at (310) 954-1877, info@schorr-law.com or by filling out the contact box on this page.

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Posted in Purchase and Sale

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Zachary D. Schorr has been named to the Southern California Super Lawyers (Rising Stars) list for attorneys in Real Estate for 5 straight years - 2012, 2013, 2014, 2015 and 2016. Each year, no more than 2.5 percent of the lawyers in the state receive this honor. In 2016 he was also included as one of the top 100 lawyers in Southern California in this category. The selection for this respected list is made by the research team at Super Lawyers.

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