Legal Question in Real Estate Law in Florida

The law firm in Hillsborough County holding my escrow deposit on a real estate transaction writes, "We urgently need you to agree for us to post your Initial Deposit of $10,000.00 into the registry of the Palm Beach County Clerk of Court."

That's where the seller resides and we have a dispute. The agent I used works in the same office as the law firm in Hillsborough County and she is the cause of the dispute because she failed to send the seller the cancellation form she made me sign in time. It slipped her mind and she sent it 3 days after inspection period. Would this not jeopardize my escrow deposit by posting it in the registry of the Palm Beach County Clerk of Court?


Asked on 2/16/16, 8:50 am

2 Answers from Attorneys
Barry Stein De Cardenas, Freixas, Stein & Zachary

Your contract controls. It needs to be reviewed. The firm as escrow agent is trying to get out from the conflict. Seek legal counsel now.

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Answered on 2/16/16, 9:00 am
David Slater David P. Slater, Esq.

You have various remedies but all will result in attorney fees. One remedy is to agree and seek a determination in court as to who gets the $ and whether your broker is responsible for damages . Another is to file a complaint with FREC against your broker. Placing the escrow in court will not jeopardize your claims.

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Answered on 2/16/16, 12:18 pm


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