Nov
5
Condo buyers want out
Filed Under Real Estate, Miami-Dade
The lawsuits from condo buyers who want out of their purchase contracts continue to pile up, according to a story in the Miami Herald. [Link via South Florida Lawyers]
Robert H. Cooper, an Aventura attorney who filed two suits against Miami developer The Related Group, says developers caused the problems by signing contracts with people who shouldn’t have qualified for loans.
“They were, across the board, signing contracts with purchasers they knew did not have the ability to consummate the transaction,” Cooper said.
Miami lawyer Susan Mortensen, who is representing developers, said the buyers are “profiteers,” not victims.
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