Legal Question in Real Estate Law in Florida
Is earnest money a legal requirement in Florida?
Asked on 1/22/18, 12:10 pm
2 Answers from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
No, it is not
Answered on 1/22/18, 12:34 pm
Barry Stein
De Cardenas, Freixas, Stein & Zachary
agreed it is not a requirement. it is done as a formality so that the purchaser can show that they have real interest in purchasing the property and creates a fund against which default damages can be collected.
Answered on 1/22/18, 1:15 pm
Related Questions & Answers
-
Can the condo assoc asses condo owner for roof damage Asked 1/17/18, 5:19 pm in United States Florida Real Estate and Real Property
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
