Living and owning property in the state of Florida can be a real treat for people, especially if they have been dreaming of doing so for quite some time. Condominium complexes are common throughout the state of Florida and new construction is being built every day. After agreeing to a contract with a developer or a realtor to purchase a condominium, potential buyers can still walk away from the contract and receive some or all of their condominium deposit back from the contractor or current owner of the condo.

The ILSFDA, or the Interstate Land Sales Full Disclosure Act, places the burden of full disclosure of real property on developers. The Act also protects buyers from any practices of fraud in the state of Florida. If a developer is charged with fraud then they face civil liability charges for making false or misleading promises to potential buyers. The ILSFDA was created to protect buyers from a long waiting period between signing a contract with a developer or seller and the actual closing date of the sale. Many condominium buyers in the state of Florida have had to wait at least three years in between signing a contract and getting to the closing date.

We at Schecter Law are proud to serve the citizens of the state of Florida in any practice of law, especially the area of condominium deposit recovery. We have received the highest AV rating by Martindale-Hubbell and the rating is even more significant because it is voted on by our peers in the industry.