What are the different types of real estate dispute remedies?

Real estate litigation is when two parties in a real estate dispute engage in a legal process to resolve their differences. In Texas, different remedies are available depending on the type of dispute that has arisen. Some of the most common real estate dispute remedies include: 1. Compensatory Damages: This is when a wronged party is compensated for their financial losses such as lost profits, repairs, and any other costs associated with the dispute. 2. Liquidated Damages: This is when the wronged party is compensated for their losses in a sum of money that is already agreed upon in the contract. 3. Specific Performance: This is when a wronged party is granted the specific thing that was promised to them and the person responsible is forced to perform it. 4. Declaratory Relief: This is when a court orders a party to either do something or not do something, such as stopping an unlawful activity or making a certain payment. 5. Injunctive Relief: This is when a court orders a party to not do something, such as stopping a particular activity or demolishing a building. 6. Rescission: This is when the parties are returned back to their original place before they entered the contract and are relieved of their obligations. 7. Cancellation: This is when the contract is cancelled and all rights and obligations of both parties are released. These are just some of the different types of real estate dispute remedies available in Texas. It is important to remember that the specific remedy that is available for each dispute may vary depending on the particular facts and circumstances.

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What are the different types of real estate dispute remedies?

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