Legal Question in Real Estate Law in Florida

New Development Purchase (Florida)
May 07 I signed an aggrement to purchase a home in new development ($5,000 deposit). December I made deposit 2nd($25,000). Closing is schedule August 08. My financial situation has changed for the worse and unable to secure financing on my own. Develp. financing was too high & would put me in financial bind if I accepted their terms. How do I proceed to cancel(?) the deal and minimize my financial losses? what type of attorney do I need - should he/she be a Florida attorney? Or can I work with someone in my area? (DC Metro). I want to get out of the deal and concerned that I may lose my deposit.

Asked on 6/04/08, 10:17 am

Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

0 users found helpful

0 attorneys agreed

Re: New Development Purchase (Florida)

Chances are you will lose the deposit monies.

Perhaps competent counsel can save some of it...at least enough to cover fees plus.

Answered on 6/04/08, 6:42 pm

David Slater David P. Slater, Esq.

0 users found helpful

0 attorneys agreed

Re: New Development Purchase (Florida)

You should be. I would have to read your contract to determine your rights.

Answered on 6/04/08, 12:03 pm

Keywords

Match Any Match All

Country

State

Area of Law