Wednesday, March 24, 2010

Family Real Estate Dispute

The Bay Area Family moved to the California Foothills, they purchased their dream home on acreage.

As time passed they offered their daughter and son in law a site on the 7 acre parcel for building their dream home.

They became neighbors.

As time passed, neighbor to neighbor issues developed, abandoned vehicles, excessive animals, the borrowing of funds to finish the house.

The daughter and her husband talked of a divorce.

The last five years have not been kind to those in the construction-real estate industry and values of real estate in the central valley have seen major price adjustments.

The home is presently worth less than what is owed.

Legal counsel was sought and the attorney has suggested mediation vs litigation.

Jim W Hildreth of Real Estate Mediation Services will serve as the neutral mediator among the family members.

Mediation is an alternative to litigation, it is private and confidential.

"Preserving family relationships" may also play a large role, says Hildreth.

Jim W Hildreth is a Mediator who's focus is dealing with real estate disputes.

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