@parkplaceresidences
May 21, 2026
Following these real-world examples of deals falling apart, I can share a related experience. A third-party claim was filed against a potential buyer that should never have been allowed. The contract was not properly signed or dated, probate was incomplete so the closing could not happen by the deadline, and the seller accused the potential buyer of renting out the unit and collecting rent, even though all records show this never happened. Good luck finding a lawyer in the first place who will respond, and even when one does, the cost can easily exceed $10,000 when considering a $7,500 retainer, and even if the defendant prevails, they are unlikely to recover all of the money paid. Courts advise against self-representation due to legal complexity, meaning an innocent party may still be forced to pay significant sums to defend themselves. This raises serious ethical questions because regular buyers need protection from being exploited, and the filing lawyer is aware that defending a baseless claim will be expensive, yet the system allows such claims to proceed.