Legal Question in Real Estate Law in Florida
Condo conversion then back to apts.
I purchased a condominium conversion. The complex has reverted back to apartments. This has dramatically reduced the price of the unit that I purchased. Do I have any legal recourse?
1 Answer from Attorneys
Re: Condo conversion then back to apts.
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.
If you have already closed, your options would be very limited. If you have not closed, you should have been given the option to cancel your contract. You should meet with a qualified attorney with all of your paperwork and discuss your legal rights and any possible remedies.
Scott R. Jay, Esq.