Real Estate Disputes:

Most real estate disputes are over earnest money involving failed real estate transactions.  Earnest money is a good faith deposit but should not to be confused with a down payment. When buyers execute a contract to purchase property the contract specifies how much money the buyer is initially putting up to secure the contract, to show "good faith," and how much money all together will be deposited as a down payment. The balance is generally financed as a mortgage.

The deposit of earnest money by the potential buyers into an escrow account as designated by the broker or agent for the sellers represents a commitment to attempt to reach agreement on the sale of the property.  

The purchase of a property involves a timeline with a number of deadlines and objection deadlines.  These involve conditions that need to be met by each party to the transaction.  Some of these conditions categories include; Title, Owner’s Association, Seller’s Property Disclosure, Loan and Credit, Appraisal, Survey, Inspection and Due Diligence and Closing and Possession.

In real estate mediation each party provides Mr. Hubert with their documents to review two days in advance of the scheduled mediation date.  He then conducts the mediation.  In most cases the cost of reviewing documentation and mediating an escrow money dispute is $200 to $250 per party.

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