Legal Question in Real Estate Law in Florida

I have an executed contract to buy a property, the bank terminated the contract because the title is not good because there is a supposed owner now that is reclaiming the property, can the bank void the contract??


Asked on 11/11/11, 6:37 pm

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Read your contract. What do you mean by reclaiming?

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Answered on 11/12/11, 3:36 am
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Read the contract. Probably, the paperwork will tell you that if good title cannot be transferred, then the bank does not have to lend money (which makes sense).

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Answered on 11/12/11, 9:33 am


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