Real estate legal malpractice occurs when an attorney who is handling a real estate? transaction commits legal malpractice, which results in harm to the client. According to the American Bar Association, who has surveyed legal malpractice claims since 1985, for the first time in the history of the survey, real estate malpractice claims are the most common types of legal malpractice claims.
It?s estimated that real estate malpractice claims account for about 20 percent of all claims. Some experts say that?s not a surprise, and that there?s also been an increase in litigation throughout the entire legal industry. Claims against real estate brokers, title companies and real estate agents are also increasing. Some blame the increase on the downturn into the housing market overall, finding that when more attorneys were involved in foreclosures, naturally homeowners were angry and more mistakes were made.
Some experts believe that real estate legal malpractice claims are on the decline again, because foreclosures are slowing down and several entities have combined to slow down the foreclosure process. Court cases involving foreclosures are slowing down, and mortgage help programs and mediation programs are increasingly available, so it?s likely that real estate legal malpractice claims will continue to slow.
Do you feel that your real estate attorney committed legal malpractice? If so, you may have a cause of action against the attorney. Call a Houston legal malpractice attorney today.
Source: http://www.houstonlegalmalpractice.com/2012/09/what-is-real-estate-legal-malpractice/
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