I am anxious to see the type of lawsuits that arise in the next few years. Here are the types I see:
1) Construction defects…along with the massive amount of building over the last 5 years came an abundance of shitty construction by untrained illegals.
2) Fraud and misrepresentation. Against RE “professionals”. This will be a big one and should have the RE p’s running scared and hiding assets.
3) Deficiency actions. self-explanatory.
4) Foreclosure actions.
5) Bankruptcy
It is a good time to be an attorney in SoCal. YIPEE!!!!!
