Legal Question in Real Estate Law in Florida

I have a real estate purchase agreement. I purchased the home for 248,000 with a 20,000 down payment. In our agreement it states that if the home does not appraise at the amount to be "financed" the seller has to meet us halfway. Does that mean 248,000 or 228,000? Thank you so much for your help.


Asked on 3/20/16, 6:24 am

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

Impossible to answer this question without seeing the contract. Seek legal help ASAP

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Answered on 3/20/16, 7:01 am
David Slater David P. Slater, Esq.

$228,000 is the amount being financed so that is the figuire.

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Answered on 3/20/16, 8:18 am


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