Where do we stand as we have paid a deposit on holiday home in Florida and house still not built ???
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Where do we stand as we have paid a deposit on holiday home in Florida and house still not built ???
WE payed an initial deposit on holiday villa, then we were requested to pay the second deposit as building was to start in the next 30 days, that was in 2007. Still no house and rumours that the company will be going bankrupt shorlty!!!! the owners still saying they hoping to build! What should we do!! We have contract of sale but nothing to say what we own or anything? thanks so much for your advice
Asked on May 11, 2009 under Real Estate Law
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
You should not have waited so long but hopefully it won't be too late. Try a couple of avenues:
1. Is your deposit part of a loan? If so, try contacting your lender. Also, try the Florida Division of Financial Institutions. http://www.flofr.com/banking/
2. Also try filing a complaint with the Florida Atty General's office.
3. Try hiring private counsel experiences with construction law. Try www.attorneypages.com and check his or her record at the Florida State Bar.
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