Legal Question in Real Estate Law in Florida

My fiance and I went abouts purchasing a new home FHA loan . We were approved for $140,000 and started the process on a $125000 townhouse. We had all funds available. (In bank account $9500) cash required for closing was (7200). In the process they said we couldn't use some of our money cause it didn't have a money trail and they told us "no trail it could be money laundering or drug dealing" between me and my fiance we make $52000 a year there is none of that occurring. So we needed a gift of $3114 and they held our escrow of $2500 due to no paper trail. We got all funds settled, they had us the buyers sign closing paper work and then said we can't give keys of $2500 back because seller needs to sign. Now they are saying once we signed first that we owe $1115 in prorations and that if we don't pay it we can't keys or the $2500 that was escrow they couldn't track so they have a refund check for that. But they said if we don't sign the $2500 they couldn't account for and be used in purchase could be given to the seller. Do I have some type of case here cause my $2500 is not good enough for the house but good enough for seller. We ended giving them 7200 for closing and the 2500 on hold cause they couldn't use it totaling 9700. Is this legal ?


Asked on 8/13/16, 11:34 am

1 Answer from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

You should have had an attorney handle the closing for you and these issues would have been avoided. You must hire one now and bring all your paperwork.

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Answered on 8/14/16, 9:11 am


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