Nov
5
Condo buyers want out
Filed Under Real Estate, Miami-Dade | 1 Comment
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.
Oct
30
Miami Beach attorney board certified
Filed Under Real Estate, Miami-Dade | 1 Comment
Miami Real Estate Attorney Christian N. Folland has received his board certification from the Florida Bar as a real estate specialist, according to a release on eMediaWire.
Oct
27
Law firm targets disgruntled condo buyers
Filed Under Real Estate | 1 Comment
Here’s a sign of the slumping real estate market: South Florida attorney Eric Bronfeld is now touting his “deposit recovery services” for condo buyers who want out of their contracts.
According to a press release on PRLeap.com, Bronfeld said, “We have found in many cases, the language of these contracts have opportunities to render them void, allowing for deposit monies to be returned.”
Oct
24
Condo buyers sue developer
Filed Under Real Estate, Broward | Leave a Comment
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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