Legal Question in Real Estate Law in Florida

Builder has moved out of town - home is not completed

I am building two spec homes with local builder on the west coast of FL. Because builder is family, I agreed to build with them. The first home has taken almost two years and the other home one year. This has always concerned me but builder agreed to pay the interest payments on the loan which would alleviate the pressure of the situation. Two days ago, I learned that they have moved out of town. The office has not furniture with a for lease sign out side. No forwarding contact has been left behind. I am afraid they are going bankrupt and now I am left with two unfinished houses and two loans which have pending interest payments. I do not know what to do. I have A+ credit and I need to protect it. I know there are others in my same situation with this builder and this is probably why they have left town over night. Do I have a case? What can I do?


Asked on 12/22/07, 9:12 pm

1 Answer from Attorneys
Scott R. Jay Law Offices of Scott R. Jay

Re: Builder has moved out of town - home is not completed

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

Yes, you probably have a case which would have to be confirmed by an attorney who has reviewed your paperwork including whatever agreements or contracts you have with the builder. What you need to do is to meet with a qualified attorney who can review all of the documentation and advise you of your legal rights and remedies.

Scott R. Jay, Esq.

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Answered on 12/23/07, 12:58 pm


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