Legal Question in Real Estate Law in Florida

agreement for deed

I have been in an agreement for deed for 7 months. In this time the value of prporty has dropped which I dont believe the appraisal will go though for the amount on contract. Do i still have to buy proprty?


Asked on 10/01/07, 3:19 pm

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

Re: agreement for deed

Without reding the agreement , no one can answer.

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Answered on 10/01/07, 3:33 pm
Andrew Jackson, J.D., LL.M. Jackson Law Group, LL.M., P.A.

Re: agreement for deed

DISCLAIMER: THIS IS NOT LEGAL ADVICE.

An attorney would have to evaluate the "agreement for deed" or Purchase and Sale Agreement in order to assist you. Depending on the terms, you may be able to get out of the contract for more reasons than the one you have indicated.

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Answered on 10/01/07, 3:48 pm
Mitchell Roth MW Roth, Professional Law Corporation

Re: agreement for deed

This will depend upon the actual written contract. Have an attorney review the contract. Although a broker cannot offer you legal advice, if you have a broker, he should know if the sale is contingent upon an appraisal of any particular amount.

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Answered on 10/01/07, 4:16 pm


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