R
rtirt
Guest
Florida: Put $5000 down to hold a lot in a subdivision owned exclusively by the builder back in August. Document signed and dated by both parties states deposit was contingent upon arriving at a mutually agreeable price for the construction between builder and buyer within 30 days. Agreement not reached. Requested return of money verbally. Builder requested it be put in writing. Did so, but still no money (Now 120day out)
Builder now says he doesn't have the money and may have to declare business and personal bankruptcy.
Is he criminally negligent by not depositing funds in escrow account (2001 FLA Statute 501.1375 subsection (9))? No waiver of escrow was signed. Am I entitled to interest and attorney fees if I sue? Should I wait to hear from bankruptcy court to make claim on my deposit?
Builder now says he doesn't have the money and may have to declare business and personal bankruptcy.
Is he criminally negligent by not depositing funds in escrow account (2001 FLA Statute 501.1375 subsection (9))? No waiver of escrow was signed. Am I entitled to interest and attorney fees if I sue? Should I wait to hear from bankruptcy court to make claim on my deposit?