Legal Question in Real Estate Law in Maryland

Buying a house in Floridia

My husband and me went to settle on a house in Florida in 4-29-09.

We got all the way out their only to find out our closing was being held up due to appraisel issues concerning another bank we were using. No! one mortage lender, realitor etc informed us of the problems that were going on. Our builder who we were buying the home from says we were in default for not closing and refusing to give us our money back. Can we hold all parties invlve for the mix up? We need to be reinbursed for all the money we lost.


Asked on 5/21/09, 9:10 am

1 Answer from Attorneys
Robert Sher Wagshal and Sher

Re: Buying a house in Floridia

You didn't provide enough detail to definitively answer your question, but if you had a clause in your sales contract with the builder that said you could back out of the contract if you didn't qualify for the loan you were applying for, and if you fulfilled in time your obligation to apply for the loan and cooperate in the loan application process, then the builder has to give you back your deposit. You should consult an attorney in Florida to see what action you can take.

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Answered on 5/21/09, 4:00 pm


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