Two siblings hired Adam Leitman Bailey, P.C. for a contract negotiation regarding the sale of their inherited apartment. After successfully and strategically maneuvering the clients through a series of intricate hurdles, the attorneys at Adam Leitman Bailey, P.C. reached a settlement with the client’s adversary at a much higher price than they had been previously offered.
Shortly after inheriting the apartment, the neighbor of their mother’s apartment approached the siblings and expressed that he was interested in purchasing it. They sought an appraisal of their apartment and decided to enter into a contract with the neighbor as they were open to selling. From there, they submitted the contract to the building’s board for approval.
However, the appraisal found the apartment’s worth to be of much higher value, far greater than what they had initially been offered by the neighbor and entered into the contract at.
Luckily, the board did not approve the contract. Finding themselves in an extremely difficult situation, the siblings realized that they needed to seek expert representation to maneuver their way through this process and receive the proper compensation for their mother’s apartment.
Enter Adam Leitman Bailey, P.C.
With the contract denied by the board and a dispute over the apartment’s worth, the neighbor requested another appraisal. The results of this appraisal posited the apartment’s worth at a much higher value than his initial offer, yet lower than the siblings’ original (initial) appraisal. With this information, the neighbor then sued the siblings to enter into contract with him at a lower price than their appraisal – attempting to force them to sell.
The neighbor, clearly grasping at straws, brought forth a plethora of bogus claims attempting to justify forcing them into contract. He pursued this through an order to show cause, seeking permission from the court to force them to sell. However, the attorneys at Adam Leitman Bailey, P.C. knew that one cannot force someone to enter a contract with them if the other does not want to. Seeing through this bogus façade, Adam Leitman Bailey, P.C. brought an order to dismiss these claims.
It was at this subsequent order to show cause hearing that most of the final judgments of the case were settled. At this hearing, the judge made it clear that he had planned to dismiss the order to show cause and not recognize the claims made by the neighbor.
Now, with the freedom to pursue whatever course they wanted, thanks to Adam Leitman Bailey, P.C., the siblings had a decision to make. What next? Negotiations, especially more intricate ones such as this, can become quite contentious and the siblings needed to determine whether or not they would still sell to the neighbor. However, the siblings never wanted to reject him as a purchaser; they only sought to receive the proper compensation for their mother’s apartment.
Eventually, the siblings happily entered into a new contract with the neighbor, settling on a price significantly higher than his initial offer.