While any legal matter is serious, fraudulent misrepresentation in real estate transactions is viewed as very serious by New York courts. If you enter a business deal or other type of contract and realize the other party made false statements or misrepresentations, then you should reach out to a real estate lawyer immediately. Here’s what you need to know about fraudulent misrepresentation cases.
Understanding Fraudulent Misrepresentation
Simply put, fraudulent misrepresentation occurs when someone makes a dishonest statement to someone, the person believes it and enters an agreement based on it, and then experiences a loss. Your New York lawyer will need a wide range of facts surrounding the circumstances to prove fraudulent misrepresentation. However, with the best real estate lawyer, you could receive significant compensation.
Strong Documentation Is Required To Prove Fraudulent Misrepresentation
Substantial evidence is required to prove fraudulent misrepresentation. Every email, document, advertisement, and claim will be scrutinized by a real estate lawyer. An example could be if the other party did not disclose certain financial documents to you throughout the real estate negotiations and you discovered them at a later time. It’s important to keep all communications and documents throughout the process of completing a real estate transaction so your NYC law firm has enough documentation to provide proof of fraudulent misrepresentation.
What Could A Successful Lawsuit Mean For You?
It’s possible for the contract you entered to be rescinded if enough proof is provided to charge the other party with fraudulent misrepresentation. You could also receive significant damages to compensate for any losses you incurred. It’s worth noting that once you first believe you could have been a victim of fraudulent misrepresentation, you should contact a real estate lawyer immediately to stop your losses.
A Real Estate Lawyer Will Protect Your Best Interests
Working with a reputable and experienced real estate lawyer is ideal for protecting your best interests in the event of fraudulent misrepresentation. Real estate transactions can be very lucrative and you need an experienced New York lawyer who will dig to find all the relevant facts to prove wrongdoing on the other party.
Gordon & Gordon has worked on some of the highest-stakes legal cases in New York, including fraudulent misrepresentation in real estate transactions. We will ensure no stone is unturned in your case and the result could be a potentially lucrative outcome. Don’t hesitate to contact us to schedule a consultation and learn more about our experience and how we can help you.