Study: Real estate law leads practice areas in 2009

Study: Real estate law leads practice areas in 2009

Wednesday, February 3, 2010 at 02:32 PM

An individual may require the services of a lawyer for a variety of reasons, including criminal defense, divorce proceedings, bankruptcy or personal injury claims.

But as housing markets crashed and houses foreclosed during 2009, real estate-related legal issues were the leading service request among members of Pre-Paid Legal Services, who are customers of 40 independent law firms throughout the U.S. and Canada.

Last year, lawyers fielded more than 358,000 requests for legal services to arbitrate a residential or commercial real estate transaction, help settle a dispute between landlords and tenants and manage foreclosures and the short sales of houses.

According to Charles Davis, managing partner of the Arizona law Firm Davis Miles, 2009’s figures represent just the tip of the iceberg of those looking for legal representation.

“Too often, people with common problems like foreclosure, credit or collection issues wait too long to deal with these issues,” Davis commented.

He added, “A preemptive approach sometimes saves a lot of money and much anguish and heartache.”

Following real estate law, the fields of consumer finance, family law, collections and estate planning were the next most frequently requested legal service among Pre-Paid Legal Service members.

According to the Bureau of Labor Statistics, increased activity in healthcare, intellectual property, environmental law and bankruptcy is expected over the next decade.

For more on Canada’s Real Estate, please visit: www.TorontoRealEstateAccess.com

Posted via web from Toronto Real Estate News | Blog

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About Tariq Sultan
Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

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