Legal Question in Real Estate Law in Florida
Attorney not returning escrow deposit after real estate contract is voided by al
The situation is: I planned to buy a house. Some deposit money was put into an escrow account held by the sellers attorney. The contract for the house sale contract was signed and subsequently voided by all concerned parties. The escroew deposit has been returned to our attorney by the sellers attorney. Our attorney has held onto the monies for two weeks now.
The question is: Is this action legal, and if not, do we have recourse?
Thanks,
2 Answers from Attorneys
Re: Attorney not returning escrow deposit after real estate contract is voided b
Two weeks is not an unreasonable time, unless your attorney has refused to return the money. Does your attorney have any rights to all or part of the money? If not, you should have the funds within a day or so. Also if not, there is no basis to retain the funds. If need be, file a complaint with the Florida Bar. Its phone nuber is in your local phone directory. If you wish to speak with me, call at 305-940-8080.
Re: Attorney not returning escrow deposit after real estate contract is voided b
Escrowed money must be returned to the proper individual immediately. Does your attorney have any lien against it?
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