These factors, coupled with construction delays, have buyers turning to lawyers to attempt to cancel their purchase contract and recover their deposit. Most pre-construction contracts or purchase agreements contain terms, conditions and language intended to bring the developer or seller in compliance with both Federal and Florida State laws, which in turn become binding conditions. These conditions are the tools to argue for these deposits. Developers, however, have become wiser and have required buyers to place more money in escrow than previously required and made their contracts a little more air-tight. In these cases, it’s necessary for the buyer to seek the help of an experienced litigation attorney to recoup the initial investment, preferably one familiar with the particular hurdles that face the foreign investor. At the Law Offices of Adorno-Cunill & Damas, PL, we’ve helped countless buyers recover the deposits they’ve placed for pre-construction developments since the recession, and are experts in this kind of complicated litigation and eager to assist a client in any way we can.
ABOUT THE AUTHOR
› Kenneth Damas is a Partner at the Law Offices of Adorno-Cunill & Damas, PL, who emphasizes his practice in recovering pre-construction escrow deposits for his clients. Interested in a consult?; 305.381.9999; ACDFirm.com.
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