Oct
24
Condo buyers sue developer
Filed Under Real Estate, Broward
Is it a case of buyers’ remorse or another example of a developer trying to dupe investors? The courts will decide after a group of condo buyers at the Veranda at Plantation filed suit in Broward Circuit Court to get their deposits back, according to a story in the Sun-Sentinel.
Fort Lauderdale attorney Gary Poliakoff (left), whose firm represents Veranda, said buyers are trying to get out of contracts because they realized they wouldn’t make the profits they had expected by flipping their units.
The suit accuses the developer of breach of contract and negligent misrepresentation, along with other issues.
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