Legal Question in Landlord & Tenant Law in Florida
I had a contract pending since january on a short sale home, I gave a certified check couple days ago for escrow the closing was scheduled for tomorrow so I can benefit the tax cedit and the posipone it . Can I give up on buyin and get my deposit back?
Please advise
1 Answer from Attorneys
You will need a release from the seller. If the purchase agreement had a firm closing date, that was tied to a time sensitive event (like a wedding, or tax credit time limitation), then you have a good chance of showing breach on the part of the seller. A lot depends on how well your purchase agreement was drafted. You should have had a real estate attorney review your documents before you signed them, to insure that you would not be "stuck" with a deal that didn't provide the benefits you bargained for.
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