Legal Question in Real Estate Law in Florida
Deposit Money
I was contracted to purchase a townhouse in South Florida. We did not close by our specified date because the seller's title company had to deal with a lien on the property (it's a foreclosure). I've signed a realease of contract and have word that the seller is not going to sign because, basically, they're angry they lost the deal. Can they do this? There is nothing in the contract that would indicate the deposit is theirs to keep. What should I expect? I will be hiring a lawyer if they don't sign.
2 Answers from Attorneys
Re: Deposit Money
Without reading the contract , no one can answer properly.
Re: Deposit Money
If I understand your question, you're not concerned with going through with the town house sale, you just what your deposit back. I think it's extremely unlikely that the seller can keep your deposit, though I'd have to read your contract to be sure.
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