Legal Question in Credit and Debt Law in Florida

Real Estate Contract

I have a set closing date on a new property and I don't want to close. Do I loose my deposit?


Asked on 2/12/07, 6:40 am

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Re: Real Estate Contract

Read your contract. Usually, it provides that not only will you lose your deposit, they can sue for specific performance and obtain a judgment against you to compel a sale or for the full purchase price. In this market, that is what sellers are doing.

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Answered on 2/12/07, 8:41 am
Michael Stewart Michael D. Stewart

Re: Real Estate Contract

You should consult a real estate attorney on this one to review your contract and options

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Answered on 2/12/07, 9:22 am


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