Lacy E Holly III

I engaged Lacy Holly to represent me and seven other co-owners in the sale of an inherited commercial property in Newark. Despite paying over $10,000 in legal fees, Mr. Holly failed to advise us about critical environmental liabilities that follow title holders or recommend necessary environmental in...spections that could have protected us from substantial liability. This oversight nearly exposed us to significant financial risk. When asked about potential liabilities we might face as involuntary title holders, Mr. Holly never mentioned environmental concerns—information we later had to learn from our real estate broker. He also misrepresented our contractual rights regarding the deposit recovery when a sale fell through, recommending a 75/25 split despite contractual provisions supporting full recovery. Most concerning was Mr. Holly's reaction when questioned—he attempted to terminate representation without notice, only communicating this decision to one of eight clients. Professional legal representation should include protecting clients from foreseeable risks, especially involuntary title holders with no choice in ownership. Unfortunately, our experience fell well short of this standard, resulting in extended carrying costs, additional property taxes, and significant stress to the property sale.