Minneapolis Real Estate Lawyer

Real Estate Finance

Real estate finance includes a broad variety of areas, such as title insurance, construction, mortgage banking, property management, real estate appraisals, brokerage, leasing, and real estate development. In the United States alone, about five million people are employed in identifiable real estate fields. Additionally, real estate is linked to about a third of the world’s wealth and is a constantly evolving field, as changes in real estate have very real effects on the way people live and interact with the environment.

Recent estimates of the value of the real estate market are remarkable. According to The Economist, the total value of the real estate market sector in 2002 was $115 trillion. Residential property accounted for $48 trillion and commercial property accounted for $14 trillion. A large section of the economy is involved with real estate transactions; therefore, the financial implications associated with the purchase, sale, and management of these properties are an important area of law.

Disputes can arise in real estate for lease problems, appraisal disagreements, property development issues, and mortgage issues. A mortgage involves pledging property to a lender as security for a mortgage loan. Arranging a mortgage is a standard method that individuals and companies can use to purchase additional real estate without having to pay the full actual cost of the property at the time of purchase.

If you are experiencing a real estate finance dispute of any nature, it is advised to contact an experienced business lawyer to protect your rights. The Minneapolis real estate lawyers of Skjold Barthel can help you today at 612.746.2560.