Commonly Asked Questions Regarding Real Estate Dispute Mediation
What is mediation?
Mediation is frequently defined as third-party intervention into a dispute in order to resolve it.
How can real estate mediation help resolve my legal issue?
Before participants in litigation go and spend monies on legal fees and expert witnesses, it behooves those parties to try real estate mediation to attempt to resolve the dispute early in the process. Early settlement typically affords litigation participants the most cost savings opportunities.
Who pays the cost of real estate mediation?
Generally, the cost of real estate mediation is split equally by the parties.
For what sort of real estate disputes can REDM provide real estate mediation services?
REDM can provide real estate mediation and dispute resolution services for a wide variety of matters. If you want to find out if your matter qualifies, please contact us.
What are the disadvantages of real estate mediation?
The largest disadvantage of real estate mediation is that the parties may not reach settlement and therefore the cost of real estate mediation would be sunk.
What happens if real estate mediation is unsuccessful?
If real estate mediation is unsuccessful, the parties typically end up in court if other means of settlement can not be achieved.
What is real estate mediation?
Real estate mediation and dispute resolution is mediation focused on solving and settling real estate related issues.
Why REDM over other real estate mediation services?
Real estate mediation can be an expensive proposition. In addition to the costs of the mediator, the parties also are typically paying for their attorney as well. REDM’s Flat Fee Mediation Program offers an easy, cost-effective alternative approach to real estate mediation.
Does my contract require real estate mediation?
Whether a contract requires real estate mediation is determined on a case by case and contract by contract basis.
What are the benefits of real estate mediation?
Real estate mediation can help settle disputes early and in a cost-effective manner. Litigation tends to weigh on the minds of the participants thereto and resolving the legal dispute earlier in the process can help alleviate that tension.
What is the difference between real estate mediation and real estate arbitration?
Typically, real estate mediation is non-binding whereas real estate arbitration is binding upon the parties.