Legal Question in Real Estate Law in Florida

Real Estate Contract Default

We have decided to back out of a contract for new construction due to recent housing situation. If sued for specific performance would we be responsible for the difference in selling price (when the builder sells to someone else) and would we still lose the original deposit on top of that.


Asked on 3/13/07, 4:00 pm

2 Answers from Attorneys
Robert Roemer Robert Roemer

Re: Real Estate Contract Default

It is a complex formula(which needs explanation) than you have described in your question. As a result I would advise you to call me at my office now -send me an e-mail or call me tomorrow at my law office so I can get additional facts regarding this mater.

Sincerely,

robert roemer

Read more
Answered on 3/13/07, 7:13 pm
David Slater David P. Slater, Esq.

Re: Real Estate Contract Default

There is a strong likelyhood of that occurring.

Read more
Answered on 3/13/07, 8:12 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida