Friday, March 21, 2008

Acreage Purchase Leads to Dispute

After a year in escrow the seller & buyer became frustrated and the dream of owning 10 acres in the country began to fade.

Both parties had invested time, money and improvements were made.

In the end the buyer wanted out and the seller wanted damages.

Discussion of litigation, arbitation and using a California Real Estate Land Purchase agreement the contract spelled out for Mediation.

The parties along with agents met with Real Estate Mediator Jim W Hildreth and within 4 hours a written settlement was produced.

Litigation & Arbitration would have been costly and Mediation turned out to be productive in this land dispute.

Jim W Hildreth

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