Real estate transactions can appear deceptively simple and straightforward at first glance, only to disintegrate into a complicated morass of technical pitfalls that can lead to financial disaster.

A seemingly minor title defect, a miscalculation concerning the short or long-term tax consequences of a particular deal, an overlooked requirement or restriction in zoning and land use regulations – each of these items can become a potential catastrophe without competent legal advice and guidance from an expert in real estate law.

As an experienced Riverside California Real Estate Attorney, I understand the devastating impact of flawed real estate transactions, and I know how to help. I am committed to helping you achieve the best possible result with your legal matter. My goal is to provide you the best service at an affordable price. If it is not in your best interest to proceed with a lawsuit I will tell you so. And if you have a legal matter my Firm does not handle I can likely refer you to the right attorney for you.

As a respected Riverside California Real Estate Attorney, I provide competent advice, guidance and counsel to clients in Riverside County, San Bernardino County, Orange County, Los Angeles County and San Diego County within the following practice areas:

• Real Estate Fraud
• Equity Theft
• Mortgage Fraud
• Real Estate Negotiations
• Title Clearance Issues
• Quiet Title Matters
• Mechanic’s Liens
• Real Estate Document Preparation
• Closing Attorney Representation
• Sales Breach Issues
• Land Development Issues
• Foreclosure Issues
• Eminent Domain Proceedings
• Zoning & Land Use Issues
• Condominium Conversions
• Condominium Association Matters Including Common Area Fee Recovery

As a Riverside California Real Estate Attorney skilled in the complex and difficult state and federal tax implications of real estate transactions, I can help you avoid penalties for non-compliance, and can help you save money. I am an effective negotiator who can play a key role in putting things back together, where that’s possible, and in hammering out an equitable settlement where it is not. Where the transaction cannot be salvaged and settlement appears unlikely, I will aggressively and effectively advance your claims and preserve your rights. When things go wrong, I will help to make it right.

Mortgage Loan Fraud Lawsuits:
An increasing number of consumers are falling victim to mortgage loan fraud or predatory mortgage lending. Predatory mortgage lending occurs when an industry party or institution, such as a real estate broker, mortgage broker, appraiser, lender or bank, willfully misleads or deceives a consumer into entering into a misguided loan for the sake of making additional profit. Predatory mortgage lending is not only illegal, it can cause severe financial hardship or ruin for a borrower – often resulting in foreclosure, bankruptcy and irreparable damage to a customer's credit rating.

Examples of mortgage loan fraud or predatory mortgage lending include:

• Encouraging applicants to include false information and/or lie about their income, expenses, or cash available for down-payments in order to get a loan, thereby lending much more money than a borrower can afford to repay.
• Asking borrowers to leave contract signature lines blank.
• Failing to include Good Faith Estimates, Special Information Booklet, Truth in Lending and Hud-1 Settlement statements.
• Convincing a borrower to refinance a loan several times, each time increasing monthly payments or amounts owed, thereby "stripping" any equity accrued.
• Charging fees for excessive cost or loan terms and/or for nonexistent products and services. This can include inserting hidden clauses into contracts in which a borrower will unknowingly promise to pay a broker or lender to find a mortgage whether or not the mortgage is closed.
• Aggressively pressuring borrowers to accept higher-risk loans such as balloon loans, interest-only payments and steep pre-payment penalties.
• Targeting borrowers to cash-out refinance offers when borrowers are knowingly in need of cash due to medical, unemployment or debt problems.
• Brokers selling properties for much more than they are worth using false appraisals.

Buying or refinancing a home may be one of the most important and financially complex decisions a person will ever make. Many qualified lenders, appraisers and real estate professionals are ready and available to help a borrower find a nice home and secure a great loan. However, each year many consumers, often first-time homebuyers or seniors, become victims of predatory lending or mortgage loan fraud which can result in devastating financial effects. And when real estate/lending transactions operate within legal, although misleading boundaries, a default in contract can result in a potential borrower being sued.

If you believe you or someone you know has been victimized by predatory mortgage lending or mortgage loan fraud, I can discuss your claim with you, ensure that your rights are protected, and advise you on the best course of legal action you should take. Don't fall victim to predatory mortgage lending and jeopardize your financial future – call my office today.

Real Estate and Foreclosure Scams:
In this economic climate there are sadly many predators seeking to take advantage of unsophisticated homeowners who have had the misfortune of facing foreclosure.   California offers many protections to homeowners, including restrictions on home equity sales contracts and foreclosure consultants. If you believe you have been taken advantage of – perhaps you have sold your home for much less than it was worth to avoid foreclosure – you may have a claim against the buyer.

California also has laws to protect the elderly. If you feel you are the victim of fraud, elder abuse or believe you have been taken advantage of in some way, give my office a call.

If you or someone you know in the Inland Empire or throughout Southern California needs the assistance of an experienced Riverside California Real Estate Attorney, call Chris Coburn today at 866-248-5329, or complete the contact form provided on this site to schedule your initial consultation.

Practice Areas and Legal Definitions

Mortgage Loan Fraud Lawsuits:
An increasing number of consumers are falling victim to mortgage loan fraud or predatory mortgage lending. Predatory mortgage lending occurs when an industry party or institution, such as a real estate broker, mortgage broker, appraiser, lender or bank, willfully misleads or deceives a consumer into entering into a misguided loan for the sake of making additional profit. Predatory mortgage lending is not only illegal, it can cause severe financial hardship or ruin for a borrower – often resulting in foreclosure, bankruptcy and irreparable damage to a customer's credit rating.

Examples of mortgage loan fraud or predatory mortgage lending include:

• Encouraging applicants to include false information and/or lie about their income, expenses, or cash available for down-payments in order to get a loan, thereby lending much more money than a borrower can afford to repay.
• Asking borrowers to leave contract signature lines blank.
• Failing to include Good Faith Estimates, Special Information Booklet, Truth in Lending and Hud-1 Settlement statements.
• Convincing a borrower to refinance a loan several times, each time increasing monthly payments or amounts owed, thereby "stripping" any equity accrued.
• Charging fees for excessive cost or loan terms and/or for nonexistent products and services. This can include inserting hidden clauses into contracts in which a borrower will unknowingly promise to pay a broker or lender to find a mortgage whether or not the mortgage is closed.
• Aggressively pressuring borrowers to accept higher-risk loans such as balloon loans, interest-only payments and steep pre-payment penalties.
• Targeting borrowers to cash-out refinance offers when borrowers are knowingly in need of cash due to medical, unemployment or debt problems.
• Brokers selling properties for much more than they are worth using false appraisals.

Buying or refinancing a home may be one of the most important and financially complex decisions a person will ever make. Many qualified lenders, appraisers and real estate professionals are ready and available to help a borrower find a nice home and secure a great loan. However, each year many consumers, often first-time homebuyers or seniors, become victims of predatory lending or mortgage loan fraud which can result in devastating financial effects. And when real estate/lending transactions operate within legal, although misleading boundaries, a default in contract can result in a potential borrower being sued.

If you believe you or someone you know has been victimized by predatory mortgage lending or mortgage loan fraud, I can discuss your claim with you, ensure that your rights are protected, and advise you on the best course of legal action you should take. Don't fall victim to predatory mortgage lending and jeopardize your financial future – call my office today.

Real Estate and Foreclosure Scams:
In this economic climate there are sadly many predators seeking to take advantage of unsophisticated homeowners who have had the misfortune of facing foreclosure.   California offers many protections to homeowners, including restrictions on home equity sales contracts and foreclosure consultants. If you believe you have been taken advantage of – perhaps you have sold your home for much less than it was worth to avoid foreclosure – you may have a claim against the buyer.

Real Estate Negotiations:
In major financial transactions, especially those involving real estate properties, it’s important to have a knowledgeable negotiator working for you, one who knows the law and whose loyalty to you is undivided.  Real estate brokers and agents depend on sales commissions for their livelihood.  If the sale does not occur they receive nothing for their time and energy, and this can create a conflict of interest.  You need someone representing you who is less concerned about a particular sale going through than with making certain your legal rights are protected.

Title Clearance Issues:
In large urban centers title insurance has reduced the need for in-depth title searches by real estate lawyers, but this is not necessarily the case in rural areas of the state.  As with any other insurance policy, title insurance documents are usually packed with disclaimers of one kind or another, all in highly technical real estate jargon and legalese, and all set forth in the tiniest of fine print.  Failure to fully understand the import of a particular clause or disclaimer in the policy can result in financial consequences at some later date, when it may be too late to do anything about it.  If you find things in the title policy you don’t understand, your real estate attorney can explain them to you and can also point to you any items that need to be challenged and resolved.  Given the amount of money involved in modern real estate transactions, it is critical to make certain that title problems are not going to make the deal a disaster.

Quiet Title Matters:
Sometimes a particular piece of real property has title defects of such significance that no sale or other transfer of ownership can occur until they are resolved.  The usual method of clearing title defects is a lawsuit called a “Quiet Title” action.  In the Quiet Title action, the Court would receive and consider evidence on the issue, and if satisfied that the judgment had been discharged, would issue an order dissolving (removing) the judgment lien.

Mechanic’s Liens:
When doing building construction or repairs, building contractors often utilize a legal device called a “mechanics lien” as a means of making certain they will be paid for their labor and materials.  The creation of a mechanic’s lien involves written notice to the owner of the property and other formal requirements, and its enforcement is subject to strict procedural rules. Once a valid mechanic’s lien attaches to the property, however, it operates as a claim against the property which, if it remains unpaid, can ultimately result in foreclosure proceedings.

Real Estate Document Preparation:
Whatever may be said during real estate negotiations, whatever promises may have been made, it is the final written documents that will control what happens.  Many of the closing documents involve the completion of pre-printed forms, but sometimes the details of a particular transaction require modification of a form to provide adequate protection.  Your real estate attorney can either prepare all of the documents, or can review the documents that have been prepared, explaining them to you and suggesting changes, as needed, for your benefit.

Closing Attorney Representation:
The majority of transactions are concluded routinely, with no unanticipated problems and as it may well appear after the fact, no need for legal representation during the closing.  There is no legal requirement for representation by counsel at the closing, but most lenders and prudent investors will do so.  It is at closing that critical disputes often arise concerning the language in a particular clause or some other technical aspect of the transaction.

Sales Breach Issues:
Once a written agreement has been executed by both parties to a real estate transaction its provisions are legally binding.  Which judicial remedies, if any, may be available for the breach of the agreement depends on a variety of factors.  There may, for example, be remedies available to the Buyer if the Seller breaches that are not available to the Seller, if the Buyer is the breaching party.

Land Development Issues:
Land development projects grow more difficult and complex with each passing year.  Your real estate lawyer can guide you through the labyrinth of zoning regulations, environmental agency requirements, building, fire and safety codes and the various other requirements for doing business in this complicated field of real estate.

Landlord/Tenant Issues:
As with any other agreement, if one side fails to perform obligations under a lease, the other side may bring a lawsuit to enforce the obligations.  The most common cause of litigation between Landlord and Tenant involves the non-payment of rent.  California law tries to provide a speedy legal remedy for landlords, featuring a sharp reduction in the time permitted for a defendant to respond, and giving the case preference over most other types of cases on the court calendar for an early hearing date.  The procedure is called an “Unlawful Detainer.”

In many ways, Unlawful Detainer actions are tilted, procedurally, in favor of the landlord over the tenant.  Because of this, Courts are extremely strict in the enforcement of the landlord’s procedural obligations.  A very slight technical violation on the part of the landlord can cause an Unlawful Detainer action to be dismissed by the Court. It can be re-filed, of course, but the unpaid rent continues to mount while that is being done.

Foreclosure Issues:
When mortgage payments fall behind, the lender may ultimately take steps to foreclose.  Sometimes the best course is to seek temporary relief in the United States Bankruptcy Court.  Since the mortgage is a “secured” debt, it cannot be discharged in bankruptcy.  The filing of a bankruptcy petition triggers an automatic federal court order temporarily staying (suspending) any pending foreclosure sale.  With the additional time provided by the stay, the defaulting borrower can often make arraignments to sell the real property for a much higher price than would be obtained in a foreclosure sale.

Essentially, a foreclosure sale involves sale of the real estate at public auction.  The proceeds of the sale are then applied against the debt owed on the mortgage.  Any funds remaining after the mortgage (and the foreclosure costs) are paid will be transferred to the defaulting borrower.  What happens when the proceeds of the auction sale are insufficient to pay off the mortgage and/or the foreclosure costs depends on the law where the property is located.

Eminent Domain Proceedings:
Eminent Domain proceedings are used by governmental agencies to acquire real estate (even when the owner doesn’t want to sell it) for use in a project of some kind for the general public benefit.  A recent decision by the United States Supreme Court has greatly expanded the discretion of state and local governments to seize property, even when they do so for the benefit of a private company, if they feel the project contemplated by the private company will benefit the public.  In mounting a defense to an eminent domain action, the landowner can resist the seizure itself, and can also challenge the dollar amount the agency is willing to pay for the land.  The landowner in an eminent domain proceeding is entitled to the fair market value of the land.

1031 Exchanges:
Internal Revenue Service Code §1031 provides a means for deferring the capital gains tax consequences of a real estate transaction when the proceeds of sale from one transaction are to be promptly reinvested in another similar type property.  The key word here is “deferral".  What happens is that the tax basis of the old property is transferred to the new, so that when the new property is ultimately sold, the tax will be due.  Of course, if the second property is also sold under a 1031 exchange, the tax will be deferred yet again.

Zoning & Land Use Issues:
Zoning and land use laws come into play in every real estate development, whether large or small.  Before buying real estate property or making major improvements to property you currently own, it is absolutely essential that you know about and understand the existing zoning and land use restrictions.

As a general rule, specified land uses are compatible.  You cannot, for example, put in a dairy herd, a shopping mall or an office building on land zoned for residential use.  It is sometimes possible to persuade local authorities to change the zoning for a particular area, but it can be very difficult, very expensive and it can take a long time.  In some cases it is possible to secure a zoning variance.  A variance is in the nature of an “exemption” for the particular parcel of real estate, from a particular zoning requirement.  Zoning changes and variances both involve extremely complex and difficult legal and political skills and often require public hearings before governmental agencies.

Condominium Conversions:
The upsurge in land values in recent years has contributed to the growing popularity of condominium living.  More and more people, especially first time home buyers, are turning to condominiums for their first real estate investment.  As the cost of building materials and construction labor has increased, so has the interest in the conversion of mobile home parks and apartment buildings into condominiums or cooperative corporations.  Condominium conversions can be extremely profitable, but they are long-term projects, sharply regulated by state and local legislation.

Condominium Association Matters Including Common Area Fee Recovery:
While Condominium Associations are autonomous, they must comply with state and federal law and with the provisions of their own bylaws.  A qualified real estate lawyer can provide timely and useful advice to Condominium Associations so that they may accomplish this purpose.  Association officers can be held individually responsible if the Association fails to comply with the law.

If you or someone you know in the Inland Empire or throughout Southern California needs the assistance of an experienced Riverside California Real Estate Attorney, call Chris Coburn today at 866-248-5329, or complete the contact form provided on this site to schedule your initial consultation.

If you or someone you know in the Inland Empire or throughout Southern California needs the assistance of an experienced Riverside California Real Estate Attorney, call Chris Coburn today at 866-248-5329, or complete the contact form provided on this site to schedule your initial consultation.

ADDRESS OF THE FIRM:
Law Offices of H. Christopher Coburn
10600 Magnolia Ave.
Riverside, CA 92505
Telephone: 866-248-5329
Fax: 951-346-3220

MEMBERS OF THE FIRM:

H. Christopher Coburn

EDUCATION:

• B.A., English, Brigham Young University, 1980
• J.D., Brigham Young University Reuben Clark Law School, 1983

JURISDICTIONS:

• California
• U.S. District Court

PROFESSIONAL MEMBERSHIPS AND ACHIEVEMENTS:

• Licensed California Real Estate Broker