Legal Question in Real Estate Law in Florida

How does a binder I signed work

My wife and I put a $1,000.00 binder on first refusal of three lots in a housing development for four weeks. If we don't select any of the lots, do we get our $1,000 back?


Asked on 4/28/02, 1:30 pm

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

Re: How does a binder I signed work

The answer will depend on what the binder says, and if ambiguous, who prepared the binder. Next time speak with a lawyer first.

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Answered on 4/29/02, 3:02 pm
Peter Gonzalez Sanchez-Medina, Gonzalez, Quesada, Lage, Crespo, Gomez & MachadoLLP

Re: How does a binder I signed work

I would have to read the contract to answer your question. If you failed to sign a contract then your money may be at risk.

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Answered on 4/29/02, 11:55 am


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