What happens if a real estate dispute is not resolved through litigation?

If a real estate dispute is not resolved through litigation, the parties involved may settle the dispute through arbitration or mediation instead. Arbitration is a process where a neutral third-party, known as an arbitrator, listens to both sides of the dispute and makes a binding decision. Mediation, on the other hand, is a less formal process where both sides meet with a mediator, who helps facilitate a discussion between both parties to try to reach a mutually-agreeable outcome. In both cases, the outcome is often legally binding and can be enforced with the help of the court. In Louisiana, parties may be able to file a request for a “writ of mandamus” with the court, which orders the parties to take certain actions in order to resolve the dispute. For example, the court can order an appraisal of the property or require the parties to participate in mediation. There is also an appellate process available where a higher court can review the decision of the lower court if either of the parties feels they have been treated unfairly. Finally, it’s important to note that real estate disputes can also be resolved through private negotiation and settlement. For example, the parties can agree to a compromise or they can use a title company to determine a property’s ownership and avoid the need for litigation. No matter what approach is taken, it’s essential that both sides understand their legal rights and are willing to negotiate and compromise to reach a resolution. If the parties are unable to reach an agreement or one party refuses to cooperate, then the dispute might still necessitate litigation.

Related FAQs

What happens if a real estate dispute is not resolved through litigation?

Related FAQs

Related Blog Posts