What Is The Definition Of Procuring Cause In Real Estate?
Are you familiar with the concept of procuring cause in real estate? If not, don’t fret – this term can be confusing for even the most seasoned professionals. Essentially, it refers to the agent or broker who is responsible for bringing a buyer to a seller and facilitating a successful transaction. But how exactly does procuring cause work in practice? In this blog post, we’ll explore everything you need to know about this important aspect of real estate transactions. So whether you’re an agent, buyer, seller or just curious about the industry, read on to discover what procuring cause really means!
What does the term “procuring cause” mean when it comes to real estate?
Procuring cause is a legal term used in real estate that means the party responsible for inducing or causing the breach of contract. This can be a developer, landowner, contractor, mortgage holder, or any other person involved in the real estate transaction. If you believe that someone has violated your contract, it’s important to know who is responsible for procuring the cause of the breach.
What are some factors that can affect the ability to procure cause?
Some factors that can affect the ability to procure cause are:
-The jurisdiction in which the litigation is taking place: Some jurisdictions are more favorable to plaintiffs than others, so it may be more difficult for plaintiffs to find a willing party to participate in litigation.
-The complexity of the litigation: Litigation involving complex legal questions or technical details may be more difficult to resolve than simpler cases.
-The size of the company involved: Larger companies have more resources available to them, and may be better equipped to handle complex litigation.
-The amount of money at stake: Litigation involving large amounts of money can be expensive and time consuming, which might make it harder for plaintiffs to find a willing participant.
How can you determine if you have a valid claim for procuring cause?
Procuring cause is the legal term for obtaining an order or decree that permits a party to take some specific action. This can include, but is not limited to, acquiring an order for possession or garnishment of property. To prove that you have procured cause, you must first show that you have exhausted all available means to resolve the issue without obtaining judicial intervention.
What are some steps you should take if you believe you have procured cause in relation to your real estate transaction?
If you believe that you have procured cause in relation to your real estate transaction, there are some steps you should take. First and foremost, you should speak with an attorney to understand your rights and what options are available to you. Depending on the facts of your case, you may be able to sue the other party or get a restraining order. If the other party is behind on their mortgage or has failed to meet any other obligations in relation to their home, these actions may provide some relief.