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Contingencies in Purchase and Sale Contracts

  In real estate terminology a contingency is a part of a real estate contract that essentially provides the buyer with a contingency or condition that allows the buyer to back out of the contract without penalty for a certain limited period of time during escrow. Another way to think of the role of a contingency is that the buyer submits an offer to buy the property contingent upon certain conditions being met. If those conditions are not met, then the buyer can cancel the contract. In a typical real estate contract in California, a buyer will submit an offer to purchase real property contingent upon the property appraising at the contract price, the buyer obtaining a loan from a commercial bank at a certain

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Posted in Contingencies, Contract/ Agreement Revision, Purchase and Sale, Real Estate Attorney Los Angeles

California Association of Realtors Purchase and Sale Agreement Changed

As Los Angeles based real estate lawyers we feel that we have litigated nearly every part of the commonly used residential purchase and sale agreement published by the California Association of Realtors. We have seen disputes involving disclosures, non-disclosure, tax liens, specific performance, inability to qualify for loans, purchase options, unclear title and many other types of disputes. Fortunately much of the California Association of Realtors form remains unchanged after the introduction of a new form in late 2014. The new form appears to specify more terms that apply to modern transactions – like how to deal with the brackets for installed flat screen tvs and things of that nature. While the California Association of Realtors residential purchase and sale agreement may have changed the

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Posted in Purchase and Sale

Zachary D. Schorr’s Expert Appearance on the Dr. Phil Show

Zachary D. Schorr’s Expert Appearance on ABC’s Nightline

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Zachary Schorr Superlawyers

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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If you are currently involved in a real estate dispute, either commercial real estate or residential, and are looking for a Real Estate Attorney in Los Angeles with a cost-effective, results oriented approach designed to meet your case's specific needs, contact the attorneys at Schorr Law. Our real estate firm has the specific knowledge and experience necessary to get you the best possible results.

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