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Real Estate Law


Springfield Illinois Real Estate Lawyers

Buying, selling, or developing real estate involves a number of financial and legal risks. Feldman, Wasser, Draper & Cox protects its clients from assuming unwanted liability by reviewing contract terms and conditions pertaining to financing, environmental issues, property conditions, and means for repair of a breach of contract. Alerting clients to what they will be liable for if financing falls through,  construction is delayed, or damage is discovered after the sale of a home, is essential if your interests are to be protected. Our real estate lawyers not only provide language and terms that control your liability, we also accompany you to closings or hearings before state and local planning and zoning boards.

We provide the legal tools and analysis needed to protect your investment. To schedule an appointment and discuss how we can help you, contact the law office of Feldman, Wasser, Draper & Cox today.

Real Estate Legal Representation

The law office of Feldman, Wasser, Draper & Cox represents clients in regard to the following real estate issues:

  • Closings
  • Foreclosures
  • Condemnations
  • Mechanics' liens
  • Contract negotiations
  • Home purchases / sales
  • Subdivision developments
  • Condominium developments
  • Environmental impact studies
  • Commercial real estate development

Attorney versus Real Estate Agent: Who's working for You?

Real estate agents have a financial incentive to finalize a real estate deal: if a deal falls through, they won't be paid their commission. So, while a real estate agent may initially alert you to certain concerns that are important for your own protection, it is unlikely they will demand changes to contract terms and conditions that, while protecting you legally and financially, could derail a closing.

As your real estate lawyers, we're concerned with only one thing: protecting your financial and legal interests -- period.

Mediation versus Litigation: Some Considerations

Too often, real estate contracts include a clause requiring parties to enter into mediation should a dispute arise. Before you agree to this, our real estate lawyers explain the pros and cons associated with mediation. For instance, suppose you buy your dream home from a contractor or the home's original owner. If the home's seller decides not to disclose the presence of mold in the house or a problem with water leaking in the basement, you are left facing thousands -- if not tens of thousands -- of dollars in repairs.

However, if you agreed to mediation in your contract, you not only have to pay a mediator to hear your case, you also have to pay an attorney to represent you. Additionally, you have agreed to limit your rights or the relief you can seek. Consequently, it may be better to reserve your right to litigate a dispute arising from a real estate transaction than enter into mediation.

Helping You Protect Yourself and Your Investment

At Feldman, Wasser, Draper & Cox, we explain what is in your best interest and how best to protect yourself from unwanted liability. We are prepared to work with inspectors, government agencies, and banks in order to ensure you are protected at every level.

For more information regarding our real estate practice, contact the law office of Feldman, Wasser, Draper & Cox today.